XRP Price Fluctuates Amid Spike in On-Chain Losses
- On-Chain Loss Spike: XRP has experienced its highest on-chain realized losses in 39 months, causing its price to hover around $1.30, reflecting heightened market panic that could undermine investor confidence and exacerbate selling pressure.
- Significant Volume Increase: Despite the price drop, XRP's trading volume surged to $2.35 billion in the past 24 hours, up nearly 72% from the previous day, indicating increased market participation during the sell-off, which may lay the groundwork for a future rebound.
- Active Futures Market: According to CoinGlass, XRP's futures volume rose by 39% to $4.02 billion, while open interest increased by 2.9% to $2.41 billion, suggesting that traders are adding positions as the price tests critical levels, potentially signaling a market reassessment.
- Technical Analysis: XRP is fluctuating between $1.30 and $1.35, and if it remains below $1.30, it may test the support level at $1.20; market sentiment remains bearish, necessitating close attention to the potential for a rebound.
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 Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 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 | 1.133 | 1.223 | 1.316 | 1.406 | 1.499 | 1.588 | 1.681 |
| Fibonacci | 1.223 | 1.293 | 1.336 | 1.406 | 1.475 | 1.518 | 1.588 |
About XRP
About the author







