- XRP/USD retreats from monthly top as key resistance tests buyers.
- Bullish oscillators like the “Golden Cross” suggest further upside.
- $2.41 holds the key for Ripple’s run-up toward a fresh record high; pullback needs validation from $2.10.
The spot price of Ripple (XRP/USD) retreats to $2.28, marking its first loss in four days as crypto traders wait for clearer market trends heading into Tuesday’s European session. However, strong ETF inflows and optimism around Trump’s industry dinner, as well as upbeat technical details, keep buyers eyeing potential upside.
XRP/USD (Daily Chart)
Source: Trading view
Ripple’s (XRP/USD) latest pullback stems from its failure to break a downward-sloping resistance line from mid-January, close to $2.35 by the press time.
More challenges lie ahead, with the 100-day SMA and a descending trend line near $2.41 acting as crucial hurdles.
If XRP/USD can close above $2.41, a rally toward the psychological $3.00 level and a potential revisit of the monthly high at $3.03 could be in play. That said, a sustained move past $3.03 opens the door for a fresh record high above January’s peak at $3.40.
XRP/USD (Four-Hour Chart)
Source: Trading view
While XRP/USD bulls remain optimistic, supported by an ascending resistance break since late March, alongside a bullish MACD and RSI on the daily chart, the four-hour formation further strengthens this outlook, with a “Golden Cross” signaling potential price advances.
Alternatively, a short-term pullback in Ripple prices may aim for the aforementioned month-long resistance-turned-support line surrounding $2.24, followed by the 50-SMA support of $2.20.
That said, a sustained move below this level could see XRP/USD targeting the $2.03-$2.00 range, before heading toward a five-month-old horizontal support at $1.78.
It should be noted that a clear break below $1.78 would confirm Ripple’s bearish trend, eyeing the $1.28-$1.26 support zone.
