XRP Trading Analysis

XRP is currently trading between $2.42 and $2.44, with a market capitalization of $141 billion and a 24-hour trade volume of $4.29 billion, fluctuating within an intraday range of $2.42 to $2.59.

Short-Term Analysis

XRP’s one-hour chart shows short-term bearish momentum, forming lower lows and struggling to break above resistance at $2.5. The support zone between $2.4 and $2.42 has been tested multiple times, while resistance remains intact at $2.5 to $2.52. Volume analysis indicates increased selling pressure, with red volume spikes exceeding buying attempts. A rejection at $2.5 could signal further declines toward $2.4, whereas reclaiming $2.45 with bullish candles may push XRP toward $2.55 to $2.6.

Four-Hour Chart

The four-hour chart depicts a clear downtrend, as XRP has fallen from $2.83 to its current range. Attempts to recover above $2.6 have failed, reinforcing the pattern of lower highs. Increased red volume during the declines suggests stronger selling pressure, while the $2.4 level remains key support. Traders may consider a short position if XRP rejects resistance at $2.55 to $2.6, targeting a drop toward $2.3 to $2.4. A break above $2.6 would challenge the bearish outlook, but confirmation of downward momentum remains crucial.

Daily Chart

The daily chart highlights a broader declining trend after a rally to $3.4 followed by a drop to $1.78. The recent price structure exhibits lower highs, indicating ongoing bearish pressure despite recovery attempts. Failure to hold above $2.5 heightens the risk of declines toward $2.2 or lower, while maintaining support at $2.4 may lead to a potential rise to $2.8 to $3.0. However, volume trends suggest a cautious outlook.

Oscillator Readings

Oscillator readings indicate a mostly neutral stance:
– Relative Strength Index (RSI): 41.35
– Stochastic: 41.11
– Commodity Channel Index (CCI): -32.28
– Average Directional Index (ADX): 30.51

However, the awesome oscillator (-0.118), momentum (-0.287), and Moving Average Convergence Divergence (MACD) (-0.037) all show bearish signals, reinforcing the prevailing bearish sentiment.

Moving Averages (MAs)

Moving averages indicate continued selling pressure, with the EMA and SMA across 10, 20, 30, and 50 periods signaling negativity. Long-term support levels include:
– 100-period EMA: $2.29
– 100-period SMA: $2.40
– 200-period EMA: $1.78
– 200-period SMA: $1.48

These levels may provide potential reversal zones if selling pressure subsides.

Bull Verdict

Despite short-term bearish pressure, long-term moving averages suggest that XRP could find strong support at key levels, possibly leading to a recovery. If buyers enter at $2.4 and XRP reclaims $2.6, momentum could shift towards an upside target of $2.8 to $3.0.

Bear Verdict

XRP remains under bearish control, with lower highs and persistent selling pressure indicating further downside risk. Oscillator signals and short-term moving averages reinforce the likelihood of a drop toward $2.2 or lower if $2.4 fails to hold. Without a decisive break above $2.6, the downtrend remains intact, increasing the chances of retesting lower support levels.