$XRP 💥 XRP's $2.28 Breakout: The Institutional EMA Target
XRP, currently trading near the critical $2.00 psychological support, is targeting the $2.28 resistance level, which represents a significant short-term surge of approximately 14%. This $2.28 price point is highly critical as it aligns precisely with the 50-day Exponential Moving Average (EMA) (cited around $2.26) and a key short-term range breakout confirmation level. A decisive move and close above this level are essential to invalidate the current bearish pressure and confirm a shift to bullish momentum.
The fundamental drive for this move is the steady rise of institutional adoption, including the launch of new XRP ETFs, which provides structural support and reduces liquid supply. Technically, XRP must first defend the $1.97–$2.03 macro support zone and break the immediate resistance near $2.07–$2.08 (R1 Pivot Point). A sustained, high-volume daily close above $2.28 would flip this major technical resistance into support, opening the path for a test of the next major cluster around $2.40 to $2.50.
