XRP Bounce In Sight? Bulls Hold $2.38 Support As Breakout Pressure Builds
The post XRP Bounce In Sight? Bulls Hold $2.38 Support As Breakout Pressure Builds appeared on BitcoinEthereumNews.com.
XRP is holding firm above the $2.38 support level after a recent pullback, suggesting that bulls may still have control. As buying pressure builds, traders are watching closely for a potential breakout that could reignite bullish momentum in the coming sessions. Early Strength Fades After Hitting $2.52 Umair Crypto, in his latest market update, noted that XRP displayed initial strength after rebounding cleanly from the 50-day Simple Moving Average (SMA). The price managed to climb to around $2.52 with a solid close on the 4-hour chart, signaling renewed buyer interest and a potential shift in short-term momentum. However, that early optimism was short-lived as XRP’s upward push lost steam before even reaching the 100-day SMA. The failure to extend higher has started to reveal some underlying weakness in the chart, with bulls struggling to sustain momentum at higher levels. Umair emphasized that the Relative Strength Index (RSI) trendline now plays a crucial role in determining the next direction. A confirmed breakdown below this RSI trendline could lead to another lower low, effectively continuing the current local downtrend and reinforcing bearish sentiment in the market. For now, the situation remains uncertain. XRP must hold firmly above the $2.38 support level and maintain strength along the RSI trendline. However, a failure to do so could expose XRP to deeper downside risks in the short term. Momentum Or Pause? The Decisive Moment For XRP MakroVision Research highlighted that XRP successfully halted its steep decline within the lower Golden Pocket region, between approximately $1.40 and $1.55, and has recovered as buying pressure resurfaced. In the short term, the firm noted that XRP is now approaching a key resistance range between $2.48 and $2.65. A failure to break above this zone could lead to temporary consolidation as the market gathers momentum for its next move.…
Filed under: News - @ October 23, 2025 1:24 am