XRP Shows Signs of Potential Relief Rally
- Technical Signals Positive: Renowned analyst ChartNerd indicates that XRP's Monthly Supertrend (MSS) remains bullish, suggesting a potential short-term rally towards $1.80–$2, although gains below $2 may face resistance, highlighting a tense standoff between bulls and bears.
- Market Dynamics Impact: Currently trading at $1.36, XRP has risen 3.8% in the last 24 hours, with its price movements mirroring Japan's Nikkei 225, illustrating how macro events significantly influence crypto flows, particularly with substantial institutional activity in Asia.
- Liquidation Wall Risks: XRP's liquidation heatmap reveals dense clusters at $1.27–$1.28 and $1.35, acting as key barriers; breaking these levels could trigger sharp, high-volume moves, necessitating close monitoring to capture short-term market dynamics.
- Cautious Outlook: Despite signs of a near-term rally, the overall trend remains cautious due to the presence of the Monthly Supertrend and critical liquidation zones, with a fully bullish outlook only confirmed if the MSS turns positive above $2.
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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 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 | 1.157 | 1.213 | 1.276 | 1.331 | 1.394 | 1.45 | 1.513 |
| Fibonacci | 1.213 | 1.258 | 1.286 | 1.331 | 1.376 | 1.404 | 1.45 |
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