Ripple’s XRP Eyes $2.30: Can the Bulls Maintain Momentum?

Ripple’s XRP is back in the spotlight, posting a 4% intraday gain to reach $2.16, supported by strong market activity and a 24-hour trading volume of over $3.1 billion. The move reflects renewed optimism across the broader crypto market—but for XRP bulls, the next test is just ahead.

Ripple now faces a key technical barrier at $2.23, marked by the 50-period Exponential Moving Average (EMA) on the 2-hour chart. This level has previously capped upside momentum and will likely determine whether the current rally has legs.

From a price action perspective, the recent rebound from $2.06 offers short-term encouragement. However, the Relative Strength Index (RSI) remains muted at 44.57, suggesting momentum is not yet on the bulls’ side. If XRP can break above $2.23 with conviction, it could open the door to the next resistance zones at $2.29 and $2.38—areas where sellers have historically stepped in.

That said, the broader trend remains technically fragile. A descending trendline from mid-March continues to suppress higher moves, underscoring the need for a confirmed breakout to shift sentiment meaningfully.

Long-Term Fundamentals Remain Constructive

While technicals remain mixed , Ripple’s fundamentals are showing signs of stability.

The number of Ripple wallets holding over 1 million tokens—a proxy for whale activity—has stayed relatively stable. As of March 29, there are 1,986 such wallets, only slightly down from 2,013 earlier in the year. Despite the minor drop, the resilience of this metric during turbulent market conditions reflects long-term conviction among high-stake holders.

These wallets often represent institutional or strategic investors, suggesting that the recent pullback hasn’t triggered widespread panic selling. Instead, it may signal ongoing accumulation at key support zones.

Ripple’s push to expand its On-Demand Liquidity (ODL) platform continues to enhance its utility in cross-border payments, adding fundamental value to the token.

Meanwhile, the market is also eyeing a potential catalyst: the nearing conclusion of Ripple’s legal battle with the SEC. A favorable ruling could not only remove legal uncertainty but also pave the way for XRP’s relisting on U.S. exchanges, unlocking fresh capital inflows.

Key Levels to Watch

For now, XRP’s short-term outlook hinges on how price action reacts to key levels:

• $2.23 – Immediate resistance (50 EMA)
• $2.29 / $2.38 – Next upside targets
• $2.11 / $2.06 / $2.00 – Support zones
• RSI: 44.57 – Subdued momentum; no strong divergence

A clean breakout above $2.23, ideally supported by rising volume, could kickstart a more sustainable recovery. Without that confirmation, XRP remains vulnerable to profit-taking and renewed selling pressure, particularly if broader macro or crypto-specific headwinds persist.

Final Thoughts

Ripple’s XRP/USD is showing signs of short-term strength, but the rally remains on fragile ground. All eyes are now on the $2.23 level. A confirmed breakout could flip the short-term trend bullish, but until then, resistance remains a battleground—and traders would be wise to stay cautious.

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