XRP recently escaped from a multi -month descending wedge, signaling a potential change after the largest descending trend in 2025. Trade of $ 2.22, cryptocurrency, apparently, enters the new phase of bull impulse.
This shift can marked the end of the constant reduction in prices, which began in January, which prepared the ground for further growth.
XRP holders hold
The dominance of short -term owners has significantly decreased, which indicates a positive shift in the dynamics of the market for XRP. According to Hodl waves, the supply of investors holding in the amount of 1 to 3 months fell from 12% to 6% in two months.
This shift suggests that the shorter owners switched to medium -term owners, which reduced the likelihood of immediate sales. This ripening of shares is a positive sign, as this indicates greater stability and lower sales pressure in the short term associated with confidence in price restoration.
Macro Macro Somentum demonstrates promising features, since cryptocurrency is removed from the potential cross of death, which could signal a significant reduction in price. The 50-day exponential sliding average (EMA) is currently upward, providing XRP support when it leaves the bear. The candlesticks are also located above the 50-day EMA, signaling that Altcoin is gaining strength and can continue its ascending movement.
The rejection of the Cross of Death and the ascending movement of the 50-day EMA provide technical evidence that the price of XRP can continue to grow. This change in the impulse, combined with the improvement of market moods, suggests that XRP tunes in a potential rally. Investors will carefully monitor these indicators as signs of further recovery.
XRP price is aimed at rally
Currently, XRP is trading at 2.22 dollars, breaking out from an almost 5-month descending wedge. If this breakthrough continues, this will marked the end of the largest downward trend of the year, which began in January. The next resistance of the keys is $ 2.38, and a successful breakthrough above this level can signal the further movement up for the XRP.
If the XRP retains its current bull trajectory, Altcoin can grow up to $ 2.56 after a resistance breakthrough $ 2.38. To turn $ 2.56 in support will confirm the breakthrough and indicate that XRP enters the more stable growth phase. This would prepare the ground for further prices.
However, if the XRP cannot be broken by the resistance of $ 2.38, the price may return to $ 2.02. Loss of support level of $ 2.16 will die a bull -dot, signaling the potential change in mood and resuming a descending trend. The next few days will be crucial when determining whether the XRP can maintain its ascending impulse or person, further decrease.
