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- XRP shows a minor 0.27% increase in 24 hours, with trading volume down by 37.12% to $1.51 billion.
- Analysts eye $2.00–$2.10 support range, with a possible 20% upside back to $2.50 resistance level.
- RSI remains neutral at 52.32, while MACD shows weak bullish momentum despite bearish divergence.
XRP is trading at $2.22, showing a minor surge of 0.27% during the last 24 hours. Although the price increased, trading volume declined by 37.12%, with a total figure of $1.51 billion. XRP has increased by 1.21% in the past week, indicating possible growth. Traders are looking at the support lines, particularly at the levels $2.00, $2.10, to witness a drop or a pullback prior to any action.
Source: CoinMarketCap
CoinCode Cap highlighted that XRP previously experienced a rejection at the price of $2.50, thus maintaining the price range. This opposition remains decisive. Nevertheless, the next entry level being eyed by buyers is $2.00 to $2.10. It is speculated that an additional 20% on the upside would take XRP back to $2.50. Analysts also have a bullish sentiment going forward, given that XRP has a treasury of $400 million and a possible ETF release in 2025.
Source: X
The major points of support to XRP include at $2.00 and $1.60, whereas the key points of resistance are at $2.50 and beyond to a value $3.00. This is slightly bullish in the short term, with the possibility of an upwards swing when support is maintained. Analysts believe the temporary downward pressure will be experienced in the medium term, but the market is likely to recover.
XRP Bearish Divergence Signals
The Relative Strength Index (RSI) of XRP is 52.32. It is above the 50.00 neutral point, but this is a slight difference, having a balance on the market momentum. There is no buying pressure or selling pressure prevailing at the moment. However, XRP is neither overbought nor oversold. This neutral interpretation indicates that the market might compress further before the more robust trend shows up. Traders will also monitor the changes on the RSI that may tell them the direction the movement is taking, either a bullish or a bearish trend.
Source: TradingView
The MACD figure indicates a bearish divergence. The MACD line has moved to 0.0129 with the signal line at 0.0054. This shows the potential of more selling pressure as long as the trend persists. But the positive MACD histogram shows that the bullish momentum is there, although weak. When the MACD line crosses above the signal line, it may indicate a reversal to the upside.
The short-term fate of XRP is based on the maintenance of major support. The market has the potential to encompass a bullish twist despite the neutral RSI readings and the bearish MACD divergence. These levels will be closely watched by traders to see a reversal and the potential rise in the next few months.
