XRP maintains key support as analysts anticipate another rally.

crypthub

12/2/2025, 12:30:22 PM

Current Market Overview

XRP trades near $2.02 with a 24‑hour volume of $4 billion, down about 2% in one day and 9% over the week. Despite the fall, several technical signals hint at renewed buying pressure. On the daily chart the RSI forms higher lows while price makes lower lows, creating a bullish divergence. Analyst ChartNerd says the signal strengthens the longer it persists, as long as the RSI does not drop below its recent lows.

Long‑Term Support Level

The cryptocurrency stays above the monthly closing high from the 2018 bull run, roughly $1.75, which has acted as a support zone for more than a year. CryptoBull notes that this intact level suggests the current cycle is still active and not a top. A true cycle peak would show a large monthly candle with high volume, which has not occurred yet. Moderate trading volume keeps the price anchored above this key support.

Technical Patterns & Outlook

A potential bullish pennant appears on the monthly XRP/BTC chart, and XRP now trades above its 50‑month EMA, a former strong resistance point. EGRAG CRYPTO estimates a 60‑70% chance of a breakout within the next three to six months, contingent on market conditions. Short‑term liquidity maps point to interest around $2.10‑$2.15, where price may test next. ChartNerd’s Wyckoff analysis places XRP near the lower edge of a longer‑term range, indicating possible re‑accumulation.