The post XRP Defends Major Support Amid Market Weakness—Can the Price Reclaim $2 Next? appeared first on Coinpedia Fintech News
While Bitcoin and major altcoins continue to display strong bullish momentum, the XRP price remains stuck within a tight consolidation range despite recent breakout attempts. XRP recently moved above a crucial resistance zone and has managed to hold those levels even as selling pressure intensifies across the market. Over the past 24 hours, the token gained more than 2.5% to trade near $1.45, while trading volume surged by over 200%, signaling a sharp rise in market activity.
The broader market sentiment surrounding XRP also remains bullish, supported by growing social media engagement, breakout discussions, and renewed institutional optimism. However, despite the price recovery, the breakout still lacks strong spot buying confirmation, raising concerns that the current rally could weaken if bullish momentum fades.
As XRP trades near a decisive zone, traders are now watching whether the bulls can push the price above the immediate resistance and reclaim $1.50 in the short term.
XRP Price Analysis for This Week
As seen in the chart above, the XRP price has finally broken above the descending trend line that had acted as a major resistance barrier since February. More importantly, the bulls continue to defend this breakout despite rising selling pressure, indicating that the previous resistance zone is now attempting to flip into strong support. The latest rebound from the lower levels also suggests buyers are actively accumulating near the $1.42–$1.44 range.
However, the rally still faces a major obstacle between $1.48 and $1.50, a supply zone that has repeatedly rejected bullish attempts over the past few months, which now stands as the most important resistance level for XRP in the short term.
The technical indicators are also beginning to support the bullish narrative. The RSI continues to trend higher with a sequence of higher lows, reflecting strengthening momentum despite short-term consolidation. At the same time, the Gaussian Channel has flipped bullish, historically signaling a shift toward positive trend continuation and sustained upside momentum.
In the short term, XRP must continue defending the immediate support at $1.44 to maintain the current bullish structure. Failure to hold this level could trigger a healthy correction toward the $1.42 region before the next move. On the other hand, if buyers successfully push the price above $1.48 and secure a breakout beyond $1.50, the XRP rally could regain significant momentum and attract renewed trader interest.
Since XRP has struggled to sustain levels above $1.50 for several months, a successful breakout above this range could act as a major psychological trigger for the market. In such a scenario, the next upside targets could emerge around $1.60, followed by a potential extended rally toward the long-awaited $2 milestone.