- XRP climbs 12% since $2.30 low, reclaiming $2.60 resistance zone.
- James Wynn’s post gains 600K views, boosting weekend trading volume.
- RSI near 51 and Parabolic SAR flip confirm short-term bullish trend.
Ripple (XRP) continued its upward trend through the weekend, moving past the $2.60 level for the first time in ten days. The momentum coincided with renewed optimism in the broader crypto market and a post by trader James Wynn, who revealed an imminent investment in XRP.
Crypto analyst CryptoTony confirmed that XRP had reclaimed the $2.50 level earlier in the week, suggesting a shift in sentiment. The token’s strong recovery from the $2.30 support has placed bulls back in control, indicating growing confidence among traders.
XRP Gains Momentum After James Wynn Post
On Saturday, XRP’s price surged 5% to reach $2.60, marking a three-day winning streak. CoinMarketCap data showed that XRP’s price has increased by more than 12% since Wednesday.
The rally followed Wynn’s update, which he shared with his 435,000 followers, attracting approximately 600,000 views within 12 hours.
Wynn is known for speculative positions that often move market sentiment. Traders viewed his latest post as a potential signal of renewed confidence in XRP’s long-term prospects.
Market analysts noted that his timing coincided with XRP’s breakout above its resistance level, reinforcing the short-term bullish momentum. Although trading volume dropped 4.5% to $3.9 billion, XRP managed to sustain gains, suggesting that smaller orders supported the weekend move.
Technical Indicators Suggest Extended Upside
At press time, XRP trades around $2.61, hovering just below the resistance level near $2.85, the upper band of the Keltner Channel. The Relative Strength Index (RSI) stood at 50.95, showing neutral momentum but room for further upside.
The Parabolic SAR indicator has turned positive for the first time this month, signaling a short-term reversal. Price movement above the Keltner Channel midline at $2.54 also indicates steady buying activity.
If the price closes above $2.85, analysts see the next target near $3.00, followed by $3.20 if momentum continues. On the downside, support lies at $2.54 and $2.22, which aligns with the lower boundary of the channel. A close below $2.22 could open the way to $1.77, where the next major support forms.
XRP’s near-term trend remains bullish, with traders monitoring whether the token can maintain its position above the reclaimed $2.50 mark and test higher levels in the coming sessions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
