XRP Technical Update: Momentum Shifts as Key Resistance Looms
XRP is signaling a bullish turnaround, breaking above the Ichimoku Cloud, a key trend and reversal indicator, marking a shift from consolidation to renewed upward momentum, according to market analyst Xaif Crypto.
Notably, XRP is testing a key resistance as the Ichimoku Cloud flips bullish, suggesting growing buying momentum if bulls hold. How the token reacts here could define its near-term trend. Meanwhile, Upbit has surpassed Binance and Coinbase in XRP spot volume, underscoring South Korea’s market dominance.
Therefore, Xaif Crypto identifies $1.67 as a crucial resistance for XRP. A clean break above this level could fuel further upside, while rejection may lead to a short-term pullback or consolidation. This zone is both a technical and psychological pivot, key for the next major move.
Amid this development, Cardano founder Charles Hoskinson is exploring XRP integration to broaden Cardano’s DeFi ecosystem.
XRP Eyes Key Resistance as Bullish Momentum Builds
XRP is showing early signs of bullish momentum after a consolidation phase, suggesting buyers are gaining confidence. A push above $1.67 could fuel further upside, but caution is warranted, consolidation often precedes volatile swings.
Notably, questions are being raised whether this is a genuine rebound or just another bull trap, keeping the outlook uncertain in the near term.
According to CoinCodex, XRP is trading at $1.48, leaving roughly 12% upside to the critical $1.67 resistance.
With the Ichimoku Cloud turning bullish and momentum improving, the market is poised for a potential advance.
Therefore, volume, confirmation signals, and price action should be watched closely, as the next move at this key level could determine whether XRP continues higher or faces rejection.
Conclusion
XRP faces a pivotal technical crossroads. With the Ichimoku Cloud turning bullish and momentum building, a breakout above the $1.67 resistance could trigger a strong upward move. Failure to breach this level may lead to short-term consolidation or a pullback. Therefore, the next sessions could define XRP’s near-term trend and reveal market sentiment.
Source: https://coinpaper.com/14667/xrp-price-prediction-bulls-eye-the-breakout-line-at-1-67
