XRP Momentum Rebuilds After Support Bounce, Targets $2.35

After the bounce at a well-established long-term support zone, XRP is showing signs of increasing momentum again. The upward signals indicate that the downward pressure on the cryptocurrency is diminishing.

There have been weeks of continuous weakening of the cryptocurrency. Now the price action shows that the market wants to stabilize instead of continuing the downward motion.

XRP Reclaims Important Structure after Support Bounce

Gain Muse analysts consider the recent upward movement of XRP structurally significant. The price is now above the previously broken support line on the four-hour chart.

The upward movement follows a long bearish phase at the end of 2025. During this time, the price of XRP continued to form lower highs and lower lows.

The pressure from sellers also increased, leading XRP to hit a long-term support area at low prices recently. At this point, the price of XRP was supported by buyers and triggered the current upward movement.

Source: X

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Key Price Averages Define Trend of XRP

Currently, the price of XRP is located just above the 50-period and 200-period exponential moving averages, indicating an improvement in the confidence of short-term investors.

The 50 EMA has become flat after months of a downward trend. Flat EMAs are often indicative of slower bearish momentum. The 200 EMA is still above the current price action of XRP.

If the price of XRP can successfully reclaim and hold above the 200 EMA, then the price actions will reinforce the narrative of a recovering trend. Failing to reclaim and hold above the 200 EMA could result in XRP being stuck in a larger corrective range. For now, the fact that the price is compressing around these averages suggests a build-up phase.

EMAs. Source: TradingView

XRP Creates Higher Low

Short-term indicators suggest a cautiously optimistic view. The Relative Strength Index (RSI) is floating at approximately 45.

Since the RSI is below the 50 mark, it is clear that the selling pressure has decreased and the cryptocurrency has not entered overbought territory. A sustained price above 50 would signal that the price is likely to increase. Therefore, an additional upside attempt is possible.

The Moving Average Convergence Divergence Indicator (MACD) is still mixed. Bearish momentum has disappeared, and the histogram has flattened near the zero level, which is typically seen during initial phases of market stabilizing.

However, since a bullish MACD crossover has not yet occurred, this does not yet support a positive trend. In many cases, such a pattern can be seen as a sign that buyers are becoming increasingly active in their buying efforts on the way down.

Such a behavior usually leads to a rotation towards the upper resistance zones. In this case, the upper resistance zone is a descending trendline above the XRP.

RSI and MACD. Source: TradingView

XRP Targets $2.35

The resistance zone of $2.30-$2.35 has become the next short-term target. In previous consolidation phases, the resistance zone had already functioned as resistance. An approach to this zone would signal that the market participation is again increasing.

The general market stability provides support to the XRP setup. The reduction in Bitcoin’s volatility has decreased the pressure on all major altcoins. This creates a stable environment for the development of technical structures, and XRP appears to be benefiting from the current environment.

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