XRP Makes a Comeback, Bulls Eye Key Resistance Levels

The market correction proved short-lived, as most cryptocurrencies have surged back into the green zone, with XRP leading the charge. Over the past 24 hours, XRP has gained an impressive 6.12%, signaling renewed optimism among traders.

Hourly Chart: Eyeing Resistance

On the hourly chart, XRP’s price is inching closer to its resistance zone, leaving the support level behind. If the current buying momentum holds, the coin may soon test the critical $1.54 level.

Daily Chart: Building Momentum

Zooming out to the daily timeframe, the trend remains similar. XRP’s price continues to consolidate, with energy quietly accumulating for a potential breakout. The falling trading volume aligns with this sideways movement, hinting at a decisive move on the horizon. A successful breach of the $1.48 resistance level could propel XRP toward the $1.60 mark, leveraging its stored momentum.

Midterm Outlook: Consolidation Reigns

From a midterm perspective, the market remains evenly balanced. XRP's price is trading within last week’s range, with neither bulls nor bears seizing control. Unless a significant catalyst emerges, ongoing consolidation within the $1.40–$1.60 range appears to be the most plausible scenario.

Key Takeaways

With bullish pressure building, traders and investors will be watching closely to see if XRP can sustain its upward momentum or if the market will settle back into its consolidation phase.