XRP of Ripple Aiming for $2.30: Can Buyers Maintain the Rise?

From a price action perspective, the recent recovery from $2.06 provides encouragement in the short term. However, the Relative Strength Index (RSI) is still at 44.57, indicating that momentum has not yet shifted in favor of the buyers. If XRP can surpass the level of $2.23 with confidence, it may open the door to the next resistance areas at $2.29 and $2.38—areas where sellers have previously stepped in. That said, the overall trend remains fragile from a technical perspective. The downward trendline from mid-March continues to constrain higher upward movements, emphasizing the need for a confirmed breakout to meaningfully change sentiment. The Basic Long-Term Principles Remain Constructive While the technical factors remain unclear, the fundamental factors of Ripple are showing signs of stability. The number of Ripple wallets holding more than 1 million tokens—a representation of whale activity—remains relatively stable. As of March 29, there are 1,986 such wallets, only slightly down from 2,013 at the beginning of the year. Despite the slight decrease, the resilience of this figure in chaotic market conditions reflects the long-term confidence of high-stake holders. These wallets typically represent institutional investors or strategies, indicating that the recent pullback has not caused widespread panic selling. Instead, it may signal ongoing accumulation at key support levels. The effort to expand Ripple's on-demand liquidity platform (ODL) continues to enhance the utility of this platform in cross-border payments, providing fundamental value to the tokens.

Meanwhile, the market is also keeping an eye on a potential catalyst: the legal battle between Ripple and the SEC is nearing its end. A favorable ruling could not only eliminate legal uncertainty but also pave the way for the relisting of XRP on U.S. exchanges, opening up new capital flows. Important Levels to Watch Currently, the short term outlook of XRP depends on how the price reacts to key levels: 2.23 – Immediate resistance level (EMA 50)$2.29 / $2.38 – Next price target$2.11 / $2.06 / $2.00 – Support zoneRSI: 44.57 – Weak momentum; no strong divergence A clear breakout above $2.23, ideally supported by rising volumes, could launch a more sustainable recovery. Without that confirmation, XRP remains vulnerable to profit-taking and renewed selling pressure, especially if larger macro or crypto headwinds persist. Final Thoughts Ripple's XRP/USD is showing signs of a short term price increase, but the momentum remains fragile. All eyes are currently on the $2.23 level. A confirmed breakout could reverse the short term bullish trend, but until then, the resistance level remains the battleground—and traders should be cautious.