XRP's price is showing positive changes amid easing geopolitical tensions, leading to increased buyer activity.
Buyers Return at Key Support
In the past 24 hours, XRP's price bounced on the $2 support and touched $2.2. Buyers returned as market fears about the conflict in the Middle East eased. With optimism returning, the price was quick to react and may soon test the key resistance at $2.3.
Momentum Shifts Bullish on Lower Timeframes
The 12h MACD performed a bullish cross today as buying pressure increased. This is a significant change in price action that signals that sellers are exhausted. With momentum shifting bullish, XRP has a good chance to reclaim the $2.3 level. If it can turn that into support, then $2.6 becomes the next target for bulls.
Strong RSI Rebound
After visiting the oversold area, the 4h RSI made a higher high today, indicating bulls are taking over. It’s likely that the resistance at $2.3 will reject the first attempt at a breakout, but if buyers continue to sustain this volume, they have a strong chance to eventually break it and move XRP higher.
Overall positive market sentiment and RSI dynamics indicate a potential further rise for XRP, especially if it can consolidate at important resistance levels.
