Skip to content
- XRP rises 0.91%, with trading volume surging 90.43% to $2.61B, signaling strong bullish momentum.
- A breakout above $2.2895 to $2.3300 could establish a bullish trend, while staying below $2.28 may cause sideways movement.
- RSI at 56.89 and MACD positive, signaling growing bullish momentum and potential for a breakout.
As of press time, XRP is trading at $2.27, marking a 0.91% increase over the past day. The trading volume of the coin increased by 90.43% to reach $2.61 billion. Over the past 7 days, the XRP coin has increased by 4.42%. The coin is currently attempting to rally higher, with traders watching potential resistance levels.
Source: CoinMarketCap
Dark Defender highlighted that a bullish trend can be established in the coming week if the price ends above $2.2895 to $2.3300. But, when XRP closes below $2.28, then the coin will still be in a side trend pattern running through the following days. This price range is decisive in shaping the immediate future of XRP.
Source: X
XRP Support and Resistance Levels
The XRP support lies at $2.19, $2.07 and $1.16. The resistance levels stand at $2.33 and $2.46. These prices will be very significant in the movement of XRP in the next few days. A rally would ensue if the price manages to stay above support and break over the resistance.
Nevertheless, the inability to maintain the important levels may result in additional consolidation.
FOUR Crypto Spaces revealed a breakout signal on XRP, indicating that it is ready to make a significant movement. XRP is currently experiencing a series of resistance tests after a long run of consolidation. As long as the resistance is maintained, the market is poised to experience a possible breakout. The coin has been approaching a breakpoint, and a breakout can lead to massive bullish action.
Source: X
RSI Shows Bullish Momentum
The Relative Strength Index (RSI) stands at 56.89 and its 14-day moving average is 51.70. This implies that XRP has not reached the overbought territory yet. The RSI is showing increasing bullish energy and more price growth is possible. The RSI remains above 50, reinforcing the possibility of the continuation of the upward direction.
The MACD line is minimally higher than the signal line at 0.0152 compared to 0.0150. The value of the histogram is 0.0002. Although this is a modest increase, it shows that positive momentum is gathering. A greater difference between the MACD and the signal line might confirm a breakout.
Source: TradingView
XRP has reached a turning point. The market is currently exhibiting great bull signs, yet the coin needs to keep major levels to maintain the rally. Traders will be monitoring whether XRP will overcome its resistance and rise upwards. The next few days will determine the future of the coin.
