XRP Trading Update

XRP is currently trading at $2.16, with a market cap of $127 billion and a 24-hour trading volume of $1.438 billion. The price has fluctuated between $2.11 and $2.18 over the past day, indicating a tightly constrained range as momentum builds.

Short-Term Trends

The one-hour chart shows a short-term recovery trend for XRP, with prices rebounding from $2.11 to $2.17. This upward trend is marked by higher lows and steady accumulation, suggesting a bullish undertone for intraday movements. Moderate trading volume reinforces cautious optimism. Active traders might consider entering long positions on pullbacks to the $2.13–$2.14 range, with a stop-loss below $2.11. Profit-taking could be considered near the $2.18–$2.20 resistance zone unless a breakout occurs.

Four-Hour Analysis

The four-hour chart provides a more nuanced view. Earlier this week, XRP saw a significant decline from $2.33 to $2.08, coinciding with a spike in trading volume, indicating strong bearish pressure. Currently, XRP is consolidating within the $2.10–$2.17 range, potentially forming a bear flag or a narrow consolidation band. A move below $2.10 could renew the downtrend, while a breakout above $2.18 with strong volume could signal a bullish reversal. Scalpers may find opportunities on breakouts above key resistance levels, with a potential target of $2.25.

Daily Chart Overview

On the daily chart, XRP shows a broader downtrend from a recent high of $2.656, with a local bottom around $2.05–$2.10. A weak bounce has occurred, but no confirmed bullish reversal is yet seen. Increasing volume accompanying red candles suggests ongoing distribution and selling pressure. Key resistance levels are between $2.30 and $2.35, while strong support remains near $2.05. A confirmed higher low followed by a close above $2.20–$2.22 could indicate a shift in trend.

Oscillator Data

Oscillator data presents a mixed outlook. The relative strength index (RSI) stands at 44.17, indicating neutral momentum. The Stochastic oscillator at 33.03 and the Commodity Channel Index (CCI) at −65.81 support this neutral stance. The average directional index (ADX) at 17.73 indicates a weak trend, and the Awesome oscillator is also neutral. The momentum indicator shows a slight bullish signal, even as the MACD confirms a bearish bias.

Moving Averages

Moving averages predominantly reflect a bearish trend. The 10-period EMA at $2.19963 and the 10-period SMA at $2.21529 indicate bearish signals, extending across the 20-, 30-, 50-, and 100-period EMAs and SMAs. The 200-period EMA at $2.09282 offers a rare bullish signal, indicating a long-term floor, while the 200-period SMA at $2.37713 remains bearish. This alignment of moving averages confirms the overarching downward trend.

Bull Verdict

XRP is showing signs of short-term accumulation on the one-hour chart, with higher lows and a move toward resistance. A breakout above $2.18, confirmed with strong volume, could lead to testing the $2.25 and $2.30–$2.35 resistance zones. However, bulls should await confirmation above $2.20 to validate a sustainable upward trend.

Bear Verdict

Despite minor rebounds, XRP’s broader price structure is under pressure, with key moving averages pointing toward continued bearish momentum. If support at $2.10 fails, XRP may retest $2.05 or lower, exposing it to further downside risk without a confirmed bullish reversal.