XRP Price Sees Bullish Setup as Key Moving Average Comes into Play

XRP's price is currently trading at $1.38, and despite a 2.79% loss in the last 24 hours, the technical setup and on-chain activity point to a bullish reversal ahead.

A critical long-term moving average zone is being tested, where a successful hold could confirm a broader bullish structure. This technical setup is supported by a surge in active receiving addresses and transaction rates, signaling accelerating network participation and potential long-term momentum.

If the XRP price can stay above the 300-week MA, the focus might turn to $1.65 and the resistance zone between $2.00 and $2.80. Any breakout from this zone would further reinforce the bullish setup and may set up bigger price targets like $15, $27, and possibly even $50.