XRP is regaining momentum as it reclaimed $1.40-$1.42, which indicates that it may further extend its uptrend. The token has recently been on a steady rise to approximately $1.42, after hitting lower levels. At the press time, XRP trades at $1.43 with a 1.78% increase in the last 24 hours and 2.98% in a week.
On Wednesday, XRP trades above $1.40 and just above the 50-day EMA of the price at $1.40, which is the initial support, but the asset still remains below the 100-day and 200-day EMA of the price at $1.50 and $1.73, respectively.
The RSI at 57.33 indicates a slightly positive momentum, although the MACD line, which is slightly below zero, indicates that any upside moves are still vulnerable as long as the price remains below this higher moving average.
On the upside, the immediate resistance is at the 100-day EMA of around $1.50, and the upper limit of the downward-sloping channel is around $1.53; a daily close above this cluster would be required to ease the current downside pressure.
On the downside, the 50-day EMA at $1.40 acts as a key support, and a break below this will expose horizontal support at $1.30; failure of which would leave the market free to explore the channel floor at $0.71.
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Analysts flagged a repeating XRP chart from 2025, when a breakout from a multi-week bull flag triggered a rally toward all-time highs above $3.
A bull flag is a pattern where the price jumps sharply, then moves sideways or slightly lower for a while before potentially breaking higher again. Traders usually see it as a pause in momentum rather than a full reversal.
Current price action again shows XRP breaking out of a bull flag while the 20-day and 50-day moving averages approach a bullish crossover.
The last time this pattern emerged in 2025, XRP gained 66% in two weeks.
A notable aspect that may have contributed to the price dynamics of XRP is the weakening liquidity in the market. Liquidity on Binance has fallen to its lowest level since 2020, which historically creates conditions for outsized moves once ranges break finally.
The recent surge in trading volume, including a 74.6 million surge in a key session, also contributed to the surge towards the resistance levels.