XRP Trading Update

XRP is trading at $2.19 with a market capitalization of $129.53 billion. Over the past 24 hours, it has posted a trading volume of $2.794 billion, fluctuating within an intraday range of $2.07 to $2.20.

Overview

1-Hour Chart

XRP exhibits a clear short-term uptrend marked by higher highs and higher lows, suggesting bullish momentum. The latest peak reached $2.202 before encountering minor resistance. Dip-buying opportunities are favorable between $2.17 and $2.18, targeting $2.22 to $2.23. A prudent stop-loss for intraday trades would be just below $2.16 to mitigate downside risk.

4-Hour Chart

The 4-hour chart supports a recovery pattern from recent local lows, establishing a mild upward trajectory. XRP formed consistent higher lows near $2.07, breaking above the $2.20 level with diminishing positive volume. Traders may consider entries on slight pullbacks to $2.12 to $2.15, aiming for resistance near $2.23 to $2.25. A stop-loss of just under $2.08 provides an appropriate risk buffer for mid-term positioning.

Daily Chart

Daily analysis reveals a sideways-to-bearish structure with possible rebound signs. The $1.90 support level is holding firm, while resistance is strong near $2.36 following a failed breakout. Recent green candles and increased volume signal growing buyer interest. Swing or position traders could consider entries between $2.00 and $2.05 with exit targets from $2.25 to $2.30. A stop-loss below $1.89 is warranted.

Technical Indicators

Technical oscillators indicate neutrality with the:
– Relative Strength Index (RSI) at 50.87
– Stochastic oscillator at 55.45
– Commodity Channel Index (CCI) at 7.47
– Average Directional Index (ADX) at 15.29
– Awesome Oscillator at -0.025

However, momentum indicators signal positive potential, with the momentum indicator at 0.01996 and the Moving Average Convergence Divergence (MACD) level at -0.02391.

Moving Averages

XRP’s moving averages show a mixed reading. Short-term averages are bullish:
– 10-period EMA at $2.15275
– 20-period EMA at $2.16759
While longer-term indicators lean bearish, with the 200-period EMA at $2.09941 showing optimism, and the 50-period SMA at $2.26111 projecting negative signals.

Market Sentiment

Bull Verdict:

Short-term momentum indicators lean bullish, especially on 1-hour and 4-hour charts, suggesting potential upside. If XRP holds support above $2.16, a move toward $2.25 resistance seems likely.

Bear Verdict:

Despite short-term strength, notable overhead resistance and mixed long-term signals persist. Failure to hold support around $2.16 or a drop below $2.08 could invalidate the bullish structure, indicating a potential return toward the $2.00–$1.90 support range.