XRP

XRP is trading at $2.24, with a market cap of $129 billion and a 24-hour volume of $6.78 billion. Its price fluctuates between $2.18 and $2.36 amid market volatility.

Price Movement

1-Hour Chart

The chart shows XRP consolidating in the $2.2 to $2.3 range after bouncing off support at $2.064. Resistance is noted between $2.3 and $2.35. A breakout could drive prices toward $2.4, while falling below $2.2 may test lower support levels. Weak trading volume signals that more market engagement is needed for significant movements.

4-Hour Chart

The downtrend is evident, with XRP failing to maintain levels above $2.75 and bouncing off $2.064. Key resistance is noted at $2.35 and $2.4, and traders should observe whether XRP can sustain above $2.2 to avoid further declines.

Daily Chart

XRP has been in a downtrend from its high of $3.4 to a low of $1.771. Support is found between $2.2 and $2.3, while resistance lies between $2.6 and $2.8. A move above $2.6 might indicate a bullish reversal, but falling below $2.2 would strengthen the downtrend.

Oscillator Readings

Mixed signals emerge from oscillators: the RSI at 35.62 indicates neutrality, while the Stochastic at 21.07 and CCI at -133.05 hint at potential buying opportunities. The ADX at 33.95 and the awesome oscillator at -0.24 reflect uncertain market sentiment.

Moving Averages

MAs reinforce the bearish outlook, with all significant EMAs and SMAs delivering negative signals. The longer-term EMA (200) at 1.791 suggests potential support, while short-term indicators need to show signs of reversal for optimism.

Verdicts

Bull Verdict

Despite recent challenges, XRP is stabilizing around support levels with long-term MAs indicating buying interest. A break above $2.35 and resistance at $2.6 could signal a bullish reversal with targets at $2.8 and beyond.

Bear Verdict

XRP is in a pronounced downtrend, facing resistance at $2.35 and $2.6. Most indicators suggest bearish momentum, and if it drops below $2.2, retesting $2.064 or lower may occur, cementing bearish sentiments.