Usman Salis
XRP (Ripple) climbed 4.3% as weekend trading got underway, with the crypto joining most other digital assets in posting solid gains according to CoinStats.
It's been a good start to the weekend for crypto traders, and XRP is definitely pulling its weight. The token's sitting at $2.1889 right now, and it looks like buyers are feeling confident about pushing things higher.
XRP (Ripple) Hourly Chart Shows Tricky Action
On the hourly chart, XRP tried to punch through that $2.1931 resistance level but couldn't quite stick the landing - what traders call a false breakout.
If the daily candle closes well below that $2.1931 mark, there's a decent chance XRP could pull back to around $2.15. Nothing too dramatic, just normal breathing room after a nice 4.3% pop.
But if buyers can keep XRP hanging around that resistance level, we might see a push toward $2.22. That would be a clear sign the bulls aren't ready to give up just yet.
XRP (Ripple) Daily Picture Hints at $2.30 Potential
When you zoom out to the daily chart, XRP's story gets more compelling. The level everyone's watching is $2.2165 - it's basically the make-or-break point for what happens next.
If XRP manages to close around that $2.2165 level, there's a real shot at seeing the price head toward $2.30. That's roughly another 5% from where we are now. The $2.30 level isn't just some random number - it's where technical indicators line up, and those tend to act like magnets for price action.
XRP (Ripple) Medium-Term Outlook Points to Sideways Action
Looking at the bigger picture, XRP's in a neutral zone right now. It's not really close to any major support or resistance levels, which means neither bulls nor bears have a clear upper hand.
What this probably means is that XRP's going to spend some time bouncing around between $2.15 and $2.35. That's about a 9% range, which honestly isn't bad for a crypto.
This sideways action makes sense - XRP just had a nice run, so it needs time to figure out what's next. During this phase, expect some choppiness as the price tests both ends of that range. If XRP breaks cleanly above or below those levels, that's when things could get interesting again.
With XRP trading at $2.1889, it's sitting right in the middle of the action, and next week should give us a clearer picture of where it wants to go from here.
Usman Salis
