XRP Price Recovery Faces $2.60 Resistance Hurdle

XRP price has initiated a substantial recovery from recent support levels, mirroring the positive movements seen in major cryptocurrencies like Bitcoin and Ethereum. The digital asset successfully climbed above the $2.20 and $2.25 resistance zones, establishing itself in positive territory and demonstrating renewed buying interest. This recovery wave gained particular significance as XRP surpassed the 61.8% Fibonacci retracement level of the downward move from the $3.05 swing high to the $1.40 swing low, indicating strong underlying momentum.

The current trading position places XRP below $2.60 and beneath the 100-hourly Simple Moving Average, creating a technical environment where the cryptocurrency must overcome multiple hurdles to sustain its recovery. Data from Kraken shows that despite the recent gains, XRP remains in a delicate position where the battle between bulls and bears is intensifying. The recovery from the $1.40 swing low represents a substantial move, but the path forward remains uncertain as critical resistance levels loom overhead.

The most immediate challenge for XRP bulls appears at the $2.60 resistance level, where selling pressure has historically intensified. Technical analysis reveals a key bearish trend line forming with resistance at $2.660 on the hourly chart of the XRP/USD pair, creating a concentrated resistance zone between $2.60 and $2.66. This trend line coincides with the 76.4% Fibonacci retracement level of the downward move from the $3.05 swing high to the $1.40 swing low, making it a technically significant barrier.

Should XRP manage to clear the $2.60 resistance zone, the next major test awaits at the $2.660 level and the associated trend line. A decisive break above this combined resistance could propel the price toward the $2.70 resistance level, with further gains potentially targeting the $2.720 resistance zone. The ultimate hurdle for bullish momentum sits near the $2.80 level, which would represent a complete retracement of recent losses and signal a strong recovery narrative for XRP.

Current technical indicators provide mixed but generally positive signals for XRP’s near-term trajectory. The hourly MACD for XRP/USD is now gaining pace in the bullish zone, suggesting increasing upward momentum and buying pressure. Meanwhile, the hourly Relative Strength Index (RSI) has moved above the 50 level, indicating that bullish forces currently have the upper hand in the short-term market dynamics.

These technical readings align with the broader cryptocurrency market sentiment, where Bitcoin and Ethereum have also shown recovery patterns. However, the technical indicators must be viewed in context with the significant resistance levels overhead. The combination of bullish momentum indicators with strong resistance creates a scenario where XRP could experience increased volatility as market participants position themselves for the next major move.

If XRP fails to clear the $2.60 resistance zone, the cryptocurrency could initiate a fresh decline, testing lower support levels. The initial support on the downside sits near the $2.450 level, which has previously acted as both resistance and support during recent price movements. A break below this level would likely trigger further selling pressure, potentially pushing XRP toward the next major support at $2.40.

A decisive downside break and close below the $2.40 level could accelerate the decline, with XRP potentially targeting the $2.320 support zone. The next major support area resides near the $2.30 level, below which the price could continue lower toward the $2.250 region. These support levels represent critical areas where buyers might re-enter the market, potentially creating new accumulation zones for long-term investors.