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The XRP market has shown some bullish signs in recent days. The price recently bounced sharply from a crucial support zone between $1.92 and $1.95, an area that’s held up for weeks. This bounce pushed the price back above a previous support-turned-resistance area at $2.07.
As of now, XRP is testing a new resistance range between $2.19 and $2.20. If bulls can flip this area into support with a decisive candle close, it could open the door to higher moves in the short term.
What’s Next for XRP?
The next major resistance lies between $2.30 and $2.35. A confirmed breakout above this range could push XRP back into a familiar sideways trading zone seen earlier this year.
Analyst Josh of Crypto World is also watching for a possible inverse head and shoulders pattern forming on the daily chart, a bullish setup that could trigger if XRP rallies towards $2.30, pulls back to $2.10, and then bounces again. If this plays out and breaks above $2.35, it would be a strong bullish signal for further upside.
The Risk Zone
On the downside, the critical level to hold remains the April low. A drop below that point would weaken the bullish outlook and potentially extend the current corrective wave lower. If that happens, the next strong support would be around $1.21.
A potential trend channel is also forming, with its upper boundary sitting near $2.45. A clean break above this trendline would be an early sign of a market shift in favor of the bulls.
Conclusion
XRP is at a make-or-break point. A breakout above $2.20 and especially $2.35 could revive bullish momentum and potentially take the token to $5 in this market cycle. But if support levels fail, expect further downside pressure before any major recovery.