XRP Price Stuck Below $1.47 as Daily Volume Hits $109 Million
- Price Range Volatility: XRP's price has been fluctuating between $1.27 and $1.47, with strong buying interest at $1.27, yet persistent selling pressure near $1.47 indicates market uncertainty regarding short-term direction.
- Volume Analysis: Currently, XRP's daily trading volume stands at approximately $109 million, which, while notable, is insufficient to drive a sustained price increase, suggesting that the cryptocurrency will likely continue its sideways movement without a breakout catalyst.
- Support and Resistance Levels: The $1.40 level is seen as critical near-term support; maintaining prices above this threshold will help preserve a balanced technical outlook, while a decisive close below could lead to a decline back toward the $1.30 range, increasing market risk.
- Market Outlook: Analysts suggest that XRP's recent price action may represent a “liquidity hunt,” and if bulls can defend the support zone between $1.42 and $1.44, coupled with rising volume and buying momentum, a new upward leg could emerge.
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 4 technical signals, shows that 1 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 | 1.241 | 1.293 | 1.345 | 1.398 | 1.45 | 1.502 | 1.554 |
| Fibonacci | 1.293 | 1.333 | 1.358 | 1.398 | 1.438 | 1.462 | 1.502 |
About XRP
About the author
