XRP Bounce In Sight? Bulls Hold $2.38 Support As Breakout Pressure Builds

XRP is currently holding above the $2.38 support level, hinting at potential bullish control despite a recent pullback. The initial surge to $2.52 after rebounding from the 50-day SMA was short-lived, failing to reach the 100-day SMA. The RSI trendline's direction is crucial; a breakdown could signal a continuation of the downtrend. Maintaining above $2.38 and the RSI trendline is necessary to avoid further downside risks. XRP halted its decline within the $1.40-$1.55 Golden Pocket region, showing renewed buying pressure. XRP is approaching a key resistance range between $2.48 and $2.65, where a break above is needed to avoid consolidation. The $1.96 level is a critical support area, and a break below could trigger downside pressure. A decisive move above $2.65 could pave the way for gains toward $3.06. Overcoming the $2.65 resistance is essential to confirm renewed bullish strength and a broader rally.