• XRP holds above crucial moving averages, signaling sustained bullish momentum.
• Price consolidation between $3.00 and $3.36 suggests a base is forming for the next move.
• Technical signals point toward a potential breakout, with targets set as high as $4.44.

XRP is trading at $2.81, holding comfortably above its major moving averages. On the weekly chart, the token is also above the 20-EMA at $2.67 and in charge above the 50, 100, and 200-EMA levels at $2.18, $1.65, and $1.19.

The favorable positioning of the averages is a guarantee that the overall trend is nonetheless upward, considering the recent fluctuations.

Since the abrupt spring rebound that had XRP breaking the level of $3.66, the token has been in a phase of consolidation. The current range at $3.00 and $3.36 is a natural pause of base-building, with the moving averages moving higher.

Analysts consider this formation a normal pause after a strong rebound upwards and give space for positioning a continuation by the traders.

Also Read: Ripple (XRP) Faces Bearish Signals: Can Bulls Defend $2.50 Support?

MACD Turns Slightly Positive, Signaling Early Bullish Momentum

Momentum indicators also show a favourable situation. The RSI at 55 remains well above the neutral line with some margin before entering the overbought region. This level indicates continued purchase demand without any signs of exhaustion.

Meanwhile, the MACD has briefly crossed into the positive with the histogram turned green. Not quite a conclusive move just yet, but the early reversal is a signal that upward momentum is starting to return.

Volatility indicators confirm the above judgment. Bollinger Bands now hold XRP in the upper half of the range, indicating that the bulls are in control.

With the upper band at $3.45 and the lower one at $1.68, the structural setup of the price has further room to rise before challenging the resistance areas. A definitive close above $3.36 could change momentum firmly in the higher direction.

XRP Yearly High of $3.66 Next Key Target

Market observers expect the first major resistance level to be $3.00, followed by the $3.20–$3.36 supply zone. Breaking back through this cluster would likely reveal a reversal back to $3.66, the yearly high. Further uptake through that level may see XRP up towards $4.00 and beyond.

Market analyst EGRAG CRYPTO noted that XRP remains in a consolidation pattern characterized by a symmetrical triangle on the three-day chart. He went on to reinforce that as long as the price is higher than $2.55, the pattern holds. His prediction is that $3.20 is the first break level, with a measured move to $4.44 in case momentum grows.

Also Read: Ripple CEO Joins Fed Talks as Cardano Eyes XRP Wallet Integration