XRP has broken through the descending wedge of recent months, signaling a potential reversal after the maximum decline in 2025. Currently trading at $2.22, this cryptocurrency appears to be entering a new upward momentum phase.
This change marks the end of the continuous price decline that began in January and could lay the groundwork for further growth.
XRP Holders Continuing to Hold
The dominance of short-term holders has significantly decreased, indicating a positive change in XRP's market dynamics. According to the HODL wave, the supply of investors holding between 1 and 3 months has decreased from 12% to 6% in two months.
This change suggests that more short-term holders are transitioning to medium-term holders, reducing the likelihood of immediate selling. The maturation of holdings is a positive signal, indicating short-term stability and reduced selling pressure stemming from confidence in price recovery.
XRP's macro momentum is showing promising signals as the cryptocurrency moves away from a potential death cross. This could have signaled a significant price drop. The 50-day Exponential Moving Average (EMA) is currently showing an upward trend, providing support for XRP to move out of the bearish zone. The candlesticks are also positioned above the 50-day EMA, indicating that the altcoin is gaining strength and may continue its upward trend.
The rebound from the death cross and the rise of the 50-day EMA technically prove that XRP's price can continue to rise. This changing momentum and improving market sentiment suggest that XRP is preparing for a potential rally. Investors will carefully observe these indicators as signs of further recovery.
XRP Price, Upward Trend Target
XRP is currently trading at $2.22 and has broken through a descending wedge of about 5 months. If this breakout continues, it will signal the end of this year's maximum decline that started in January. The next major resistance is at $2.38, and successfully breaking this level could signal further upward movement for XRP.
If XRP maintains its current strong trajectory, the altcoin could rise to $2.56 after breaking the $2.38 resistance. Converting $2.56 to support would confirm the breakout, indicating that XRP has entered a more sustainable growth phase. This would lay the groundwork for continued price increases.
However, if XRP fails to break through the $2.38 resistance, the price could drop back to $2.02. Losing the $2.16 support level would invalidate the bullish logic, signaling a potential sentiment reversal and resumption of the downtrend. The next few days will be crucial in determining whether XRP can maintain its upward momentum or experience further decline.
