XRP's price has been stable over the last week amidst the broader market's recovery efforts. Despite this, there is a growing optimistic outlook for XRP, suggesting the potential for it to break out of its current range and start an upward trend.

The shift in momentum towards bullish sentiment is becoming clear, particularly in the futures market where there are now more long positions on XRP compared to short positions. This is evident in XRP's long/short ratio standing at 1.07, indicating a preference for long positions over short ones.

A long/short ratio above one suggests that traders have more positive sentiments and are leaning towards a price increase for XRP. Additionally, the relative strength index (RSI) for XRP has been steadily rising, indicating increasing demand for the token. The current RSI value of 50.77 is trending upwards, suggesting a shift towards bullish momentum.

XRP's current price is at $2.13, near a significant resistance level at $2.18. If buying pressure strengthens and XRP successfully breaks this resistance level, further price growth towards $2.29 could be triggered. Conversely, if demand weakens and bears take control, XRP might remain within its range or drop below the $2.03 support level to $1.99.