XRP Breaks Triangle but Faces Selling Pressure

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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Price Volatility Analysis: XRP has broken out of a symmetrical triangle on the daily chart, yet analysts warn that ongoing selling pressure could drive the price down to $1.14, indicating market uncertainty and potential downside risks.
Whale Transaction Decline: Over the past nine days, whale transactions exceeding $1 million plummeted by 57.3%, from 157 to 67, signaling reduced activity among large holders and potentially leading to market compression.
Technical Indicator Shift: A bearish death cross formed in early February when the 50-day moving average fell below the 200-day average, causing XRP's price to decline from approximately $1.80 to $1.40, suggesting persistent short-term bearish pressure.
Holder Growth Trend: Despite price fluctuations, the number of XRP holders increased from 7.28 million to 7.86 million, indicating sustained long-term confidence in XRP, which may lay the groundwork for a future rebound.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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 crypto.

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	1.173	1.237	1.3	1.365	1.427	1.492	1.555
Fibonacci	1.237	1.286	1.316	1.365	1.413	1.443	1.492

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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