XRP price has increased by more than 3% in the last 24 hours and is now trying to climb above the important $2.60 level

Rapper and chart analyst Josh has spotted some bullish signals for XRP in his latest analysis. According to him, one bearish signal that had been hanging over the market for months has finally been invalidated.

Since the start of the year, analysts were watching a bearish divergence play out — but now, XRP’s RSI on the 3-day chart has made a higher high.

Chart: TradingView

That’s a clear sign the bearish phase is over, and the market can start expecting more positive momentum ahead.

On the daily chart, XRP has officially broken out above a key resistance level at around $2.46.

This daily candle close above resistance confirms the breakout and signals the start of a new bullish trend. In other words — XRP is no longer stuck in a downtrend and is starting to move upward again.

The next important price levels to watch as possible resistance points are $2.60, $2.77, $2.95, $3.15, and $3.30.

As for support, the old resistance line at $2.45-$2.46 is now expected to act as a new support zone.

Overall, the XRP price chart is flashing bullish signals. The market has cleared out the earlier negative patterns, confirmed a breakout, and regained momentum.

If Bitcoin and the broader crypto market also stay bullish, it could give XRP and other altcoins an extra boost in the coming days.

Are Sellers Being Absorbed on Binance?

XRP futures trading is showing signs of life again, with open interest increasing after a sharp drop. This could indicate growing trader interest and possibly more volatility in the near term.

The market is currently in a state of balance, but short positions are slowly increasing despite the lack of price decline. This might be an indication that sellers are getting absorbed by bigger buyers at a higher time frame.

Despite the heavy selling pressure, the price isn’t dropping much, which could be a sign of quiet accumulation.

If this continues, it could be an early indication of a strong bullish breakout coming soon.