XRP: Experts Anticipate Major Surge as On-Chain Indicators Conflict with Positive Chart Trends
XRP Profit-Taking Trends: Recent Glassnode data indicates that XRP holders are locking in profits during price declines, with realized profit volume increasing by 240% despite a drop in price from $3.09 to $2.30, suggesting a shift from accumulation to distribution among large holders.
Technical Signals for Reversal: Despite bearish on-chain signals, a TD Sequential buy signal on the daily chart suggests XRP may be nearing a local bottom, with potential for a rally above $2.40–$2.50 if confirmed by higher volume and bullish closes.
Elliott Wave Theory Insights: Analysts predict that XRP could be entering a significant fifth wave, which may lead to sharp reversals and mass liquidations, potentially exceeding previous price advances and catching short-sellers off guard.
Market Outlook and Sentiment: The current market sentiment is mixed, with on-chain data indicating caution and profit-taking, while technical traders remain hopeful for a breakout structure. The next move for XRP may hinge on institutional inflows and the continuation of profit-taking trends.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.518 | 0.817 | 1.155 | 1.455 | 1.793 | 2.092 | 2.43 |
| Fibonacci | 0.817 | 1.061 | 1.211 | 1.455 | 1.698 | 1.849 | 2.092 |
About XRP
About the author
