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XRP Holds Strong Above $1.75 as Bulls Target $3.40 Breakout

XRP Holds Strong

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Updated 7 months ago

XRP continues to maintain stability despite recent market fluctuations, with traders keeping a close eye on key technical levels that could determine its next move. The cryptocurrency, currently hovering above the rising 20-month Exponential Moving Average (EMA), is showing signs of resilience as bullish momentum quietly builds. Analysts suggest that this long-term indicator could be the defining line between another leg higher or a deeper correction.

XRP Price Structure Remains Bullish Above $1.75 Support

Crypto analyst More Crypto Online shared an update noting that XRP’s structure remains largely bullish. According to his analysis, the token continues to follow a consistent three-wave pullback pattern — a sign that the broader uptrend remains intact as long as XRP holds above the $1.75 support zone.

He explained that this pattern often reflects a period of controlled consolidation rather than a reversal, implying that XRP’s price may be preparing for a larger breakout phase once accumulation is complete. The $1.75 area, therefore, serves as a key level for traders to watch, acting as both psychological and technical support.

Resistance Between $2.69 and $2.84 Caps Short-Term Upside

Despite the constructive setup, XRP has yet to confirm a breakout. The resistance range between $2.69 and $2.84 continues to hold as a critical ceiling, preventing a decisive upward move. A clear break above this zone could mark the beginning of a fresh rally phase.

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More Crypto Online emphasized that a five-wave breakout above $2.84 could signal renewed market strength, potentially propelling XRP toward $3.40. This price target aligns with previous resistance levels observed during the 2021 bull cycle and may act as a gateway to a larger move toward the $5 region if momentum sustains.

20-Month EMA — A Crucial Indicator for Long-Term Trend

Technical analyst ChartNerd highlighted the importance of XRP’s 20-month EMA, currently sitting near $1.94. Historically, this moving average has acted as a powerful indicator of market direction for XRP, often signaling major turning points in its price trajectory.

ChartNerd noted that XRP is currently trading above this dynamic support, which continues to rise — a sign that the broader bullish structure remains intact. Turning the EMA into a confirmed base of support would strengthen the bullish case, paving the way for XRP to test higher resistance zones in the coming weeks.

According to his analysis, maintaining this position above the 20-month EMA could confirm renewed investor confidence and validate the potential for a long-term uptrend continuation.

What Could Trigger the Next XRP Breakout?

Market observers believe the next key catalyst will be a decisive move above $2.84, as this level represents a convergence of prior resistance, Fibonacci targets, and psychological barriers. A daily or weekly close above this range could attract institutional interest and momentum traders, fueling a stronger advance toward $3.40.

However, a failure to hold the 20-month EMA near $1.94 could weaken the bullish outlook and open the door to a potential retest of $1.75. Below that level, traders may reassess short-term targets, although the overall long-term trend remains favorable unless XRP breaks below $1.50.

ChartNerd summarized the current setup with cautious optimism, stating that “the boat is yet to raise its sails,” suggesting XRP’s next significant move is still developing. Patience, he added, could be key as the market awaits confirmation.

Outlook: XRP Holds Momentum as Bulls Await Confirmation

With on-chain data showing steady accumulation and improving sentiment around Ripple’s expanding financial partnerships, many traders remain confident in XRP’s long-term outlook. As long as the price holds above both the 20-month EMA and the $1.75 support level, analysts believe the XRP price prediction remains tilted toward the bullish side.

The coming weeks may prove pivotal. A confirmed breakout above $2.84 could signal that the market’s consolidation phase has ended, paving the way for XRP to challenge the $3.40 target — and potentially set the stage for a return to the $5 range seen in prior cycles.

For now, the balance between strength and struggle lies firmly along the 20-month EMA, as XRP traders continue to monitor the charts for the signal that could define the next major rally.

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Evie Vavasseur

Evie Vavasseur is a crypto writer and digital content specialist covering the latest developments in blockchain technology, decentralized finance, and the broader digital asset ecosystem. With a keen eye for emerging trends, Evie provides accessible and insightful coverage of cryptocurrency markets, NFTs, and Web3 innovations for The Currency Analytics.

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