XRP News: XRP Bulls Battle: Will $2.60 Ignite Breakout?

The technical indicators indicate a possible breakout, and XRP is in critical price levels. Traders monitor $2.60 resistance with bullish exchange supply indicators.

XRP is at a decisive point. The cryptocurrency is trading around critical resistance points that would likely define its direction.

The participants of the market observe the important technical levels. Price action is confined within set limits as the traders anticipate a sense of direction.

Technical Levels Define Trading Range

As noted by @egragcrypto on X, above the Fibonacci level of 0.5, XRP needs to close higher than 2.60 to affirm the presence of bullish momentum. Any break above 3.40 would trigger the asset above the Fibonacci 0.888, indicating high upward growth potential.

XRP News: XRP Bulls Battle: Will $2.60 Ignite Breakout?

Source – @egragcrypto on X,

The risk of downside focuses on the 21 exponential moving average. Any close lower than this indicator would nullify the bull case completely.

As CW8900 pointed out on X, XRP is misleading with its convergence pattern. False breakouts have caused liquidations of leveraged positions as well as shaking out spot holders.

XRP News: XRP Bulls Battle: Will $2.60 Ignite Breakout?

Source:  CW8900

By the end of the week, the direction will become crystallized. Sub-indicators are pointing at possible upward movement, even though it is volatile.

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Exchange Supply Signals Accumulation.

The supply of XRP in exchanges keeps falling as the asset holds in a twelve-month trading range. This trend usually develops in reaccumulation stages, prior to uphill breakouts.

On X, ChartNerdTA reported that XRP has a bullish cross on its weekly Stochastic RSI. The indicator is also in the oversold territory.

XRP News: XRP Bulls Battle: Will $2.60 Ignite Breakout?

Source – ChartNerdTA  

Bullish crosses of the last two in 2025 have yielded moves of 600% and 130% respectively. The historical tendencies provide an indication that a lot of upside is ahead.

Bullish arguments are supported by weekly technical indicators. The Stochastic RSI crossover is coupled with falling exchange balances to create a promising outlook.

The market forces are competing to consolidate prices. The bulls and bears fight with the status quo.

Traders lie on the side where movement is expected. The level of preparation is heightened as the technical signals converge with the basic factors.

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Source: https://www.livebitcoinnews.com/xrp-news-xrp-bulls-battle-will-2-60-ignite-breakout/