XRP Price Watch: XRP Rebounds as Market Recovers, Analysts Eye Break Above $2.94

Key TakeawaysXRP price rebounds from market-wide “flash crash” from lows to $2.61Resistance zones at $2.77–$2.94 hold the key to the next upward breakoutBullish momentum builds as XRP nears the 200-day EMA at $2.63 XRP price rose to $2.61 on Monday, recovering sharply from Friday’s flash crash that took the token as low as $1.58. The move helped XRP reclaim the $2.63 pivot level, a zone marked by the 200-day exponential moving average (EMA) — a level that technical traders view as critical for determining trend direction. XRP Reclaims $2.61 but Faces Overhead Pressure Near $2.77–$2.94After the rebound from its lows, XRP has added $75 billion to its market cap, returning to $158 billion. However, technical resistance looms large. Based on the latest data, all moving averages are currently showing positive signals, including the short-term EMA10 ($2.68) and SMA10 ($2.73). This indicates XRP remains below key short-term trendlines, adding pressure on bulls to confirm a breakout.Source: TradingViewThe $2.77–$2.94 range has become a focal resistance cluster, containing the 50-day and 100-day moving averages, as well as the Parabolic SAR — a key trend-following indicator. A daily close above $2.94 could be pivotal in unlocking upside momentum toward $3.10–$3.20. Tariff Fears Triggered Crash, but XRP Recovers SwiftlyThe broader crypto market suffered heavy losses last week after former President Trump announced 100% tariffs on Chinese imports, triggering a wave of panic selling. XRP plunged below $2, hitting a 10-month low of $1.58 before bouncing off a long-term ascending support trendline around $2.30–$2.35.What followed was a swift recovery:Trading volume surged 35% to $11.5 billion, highlighting strong dip-buying activity.Market cap climbed back 13% over 48 hours.XRP retested and reclaimed its 200-day EMA at $2.63, suggesting a tentative return to bullish structure. Technical Indicators: Mixed Signals but Momentum BuildsMost oscillators remain neutral, reflecting uncertain short-term direction. However, the weekly Stochastic RSI is at extremely oversold levels, historically a bullish reversal zone. Past occurrences of such levels have preceded rallies of 91% to 486% in XRP.Source: TradingView XRP Outlook: $2.63 Key to Holding Gains, Eyes on $2.94 BreakoutDespite XRP’s impressive recovery, it remains at a crossroads:Support: Holding $2.63 is vital for maintaining bullish structure.Resistance: A clear break above $2.94 is needed to reestablish upward momentum and challenge $3.10–$3.20.If XRP fails to hold the $2.63 support, the price could retreat toward $2.35 or even the ascending trendline around $2.20. Until a confirmed breakout or breakdown occurs, low confidence remains in either direction.