Having been active in the crypto market for so many years, my view on XRP has always been optimistic — but only based on technical charts, not blind bullishness. The signals currently being emitted are very clear: the momentum is still there, but whether it can take another step up depends on how these key levels develop in the coming days.

Bullish Confidence Remains

The daily chart for XRP clearly shows that each low is getting higher, and the major moving averages are holding firm. This indicates that buying strength is still present, and selling pressure is quickly absorbed as it appears, repeatedly pressing down like whack-a-mole.

However, this recent rally has been a bit rapid, with the price starting to consolidate around $2.34. I’ve seen this kind of movement many times before. It’s usually not a sign of topping out but rather a period of energy accumulation. Experience tells me that if after a sharp surge the price can stabilize at high levels, it often becomes the fuel for the next upward move.

The Acid Test Is Here

The real test is in the $2.42 to $2.45 zone. Why do I emphasize this area? Because the last time the price surged here, the selling pressure exploded, creating a ceiling at that time. If this time it can break through with volume and hold steady, it indicates that major funds are willing to accumulate at these high levels, and then $2.60 could become the next springboard.

My trading approach is simple: once I see a confirmed breakout above $2.45, I will add to my position. I’ll set the stop-loss below $2.30; if it’s a false breakout, I’ll cut losses. But if it truly stabilizes, this space is worth betting on.

Don’t Panic if You Can’t Hold

Looking downward, the $2.28 to $2.30 range is a short-term support zone. Even if it breaks, there’s secondary support at $2.17 to $2.20. Don’t be too afraid of a pullback — as long as it doesn’t fall below $2.00, the overall trend won’t change easily.

Behind the Data Lies a Pattern

Signals from the futures market are also worth paying attention to. The open interest has been declining from its peak, indicating that speculative leverage in the market is decreasing. Deleveraging is actually a form of market self-purification, which is a positive sign for trend continuation. In the short term, there are no clear signs of a concentrated bearish pressure explosion.