XRP price holds above the $2.30 support, showing signs of accumulation. A sustained close above this level could fuel a rally toward $3.75 and potentially new highs.
Summary
- XRP maintains strong support at $2.30 amid ongoing consolidation.
- Break above the Value Area High would confirm bullish continuation.
- Upside targets lie at $3.55 and $3.75, contingent on volume confirmation.
XRP’s (XRP) price structure remains constructive as the asset consolidates above a key high-timeframe support zone at $2.30. After a sharp corrective move, price action has entered an accumulation phase near the Point of Control (POC), a region of high trading activity that often acts as a base before major market expansions. The ability of XRP to hold this level suggests that bullish momentum could be building beneath the surface.
XRP price key technical points:
- Key Support: $2.30 high-timeframe level acting as a structural base.
- Major Resistance: $3.75 stands as the next high-timeframe resistance target.
- Accumulation Zone: Price consolidating around the POC with growing stability.
From a technical standpoint, XRP’s consolidation above $2.30 reflects a controlled accumulation after a period of high volatility. This level coincides with the high-timeframe support, and price has held above it for several consecutive sessions, signaling that buyers are defending the zone strongly.
The Point of Control (POC), which represents the highest volume node within the current range, is acting as the center of equilibrium for this consolidation. This behavior suggests that market participants are accumulating positions quietly after the previous downside move. Historically, similar setups on XRP have preceded significant breakouts once volume begins to expand and liquidity builds at the range edges.
The next major resistance lies at the Value Area High (VAH), the upper boundary of the trading range. A successful reclaim of this zone would indicate that demand has absorbed existing supply, potentially triggering a rally toward $3.75, the next major high-timeframe resistance.
The broader market structure for XRP remains bullish as long as price continues to respect the $2.30 support. Consecutive higher lows have been forming since the last capitulation event, suggesting that buyers are regaining control of the trend.
However, the market still requires a breakout confirmation. The ongoing consolidation is considered healthy, but a decisive move backed by strong bullish volume will be crucial to validate the next leg higher. If such volume materializes, XRP could first retest $3.55, followed by a possible push toward $3.75, marking the next phase of the uptrend.
What to expect in the coming price action
As long as XRP holds above $2.30, the market is likely to continue accumulating within this range before a decisive breakout. Traders should monitor volume closely, rising bullish inflows around the Value Area High will be the first indication that momentum is shifting toward an upward continuation.
