XRP Price Holds $2.10 as Bulls Eye Next Breakout
XRP is showing signs of strength
According to XRP Analyst, On the 3-day chart, XRP price continues to show strength even as the price moves sideways within a descending channel. Selling pressure appears to be easing as the 50 EMA begins to flatten, while the rising 200 EMA suggests the broader uptrend remains intact. Importantly, XRP Price is holding above the key EMA zone, which indicates strong underlying support. The main level to watch now sits around $2.30, where channel resistance is holding price back. A solid breakout above this area, especially with a close above $2.40, could open the door for a move toward $2.70 to $3.13. Even if XRP faces a short-term rejection, the structure remains healthy as long as the price stays above the $2.00 level, pointing to consolidation rather than a breakdown. XRP is rising due to strong buying, long-term holder accumulation, declining exchange supply, and ETF inflows boosting demand. XRP recently bounced above $2.10, showing bullish momentum and sideways consolidation ahead of a potential breakout. Institutional demand, including ETF inflows, shows growing confidence, reducing supply on exchanges and supporting higher prices. Declining exchange balances, steady market conditions, and strong buying pressure indicate early bullish momentum for XRP.FAQs
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