Ripple’s XRP has recently shown a slight increase above the 200-day moving average (MA) at $2.6, indicating early signs of an upward trend. However, significant supply zones lay ahead, suggesting that XRP may experience extended periods of consolidation unless a clear move confirms the trend’s continuation.

Ripple Price Overview

XRP has triggered considerable buying interest as it approached the lower boundary of its multi-month uptrend. It has not only met but also marginally exceeded the crucial 200-day MA, signifying a potential sentiment shift, provided it maintains above this level.

Nevertheless, the $2.7 supply zone above presents a formidable challenge that could halt further price escalation and sustain a stagnant price range within the wider uptrend pattern. Thus, monitoring XRP’s actions around this crucial area will be essential in determining the next directional shift.

XRP Daily Chart

4-Hour Chart Analysis

The 4-hour framework illustrates a clear accumulation structure taking shape near the $2.2 support level, leading to a strong reversal. The asset’s latest surge, characterized by breaking free from an inverted head-and-shoulders configuration, highlights a positive market sentiment, pushing the price closer to the $2.6 resistance.

If XRP succeeds in revisiting the breached neckline and establishes a stable retraction, it could pave the way for further bullish activity, with targets possibly extending to $2.8 and higher. Conversely, if momentum above $2.6 cannot be sustained, the asset may drift sideways for the near term, remaining within a set range.

XRP 4-Hour Chart