XRP prices continue to oscillate in a narrow range, showing no clear direction. Currently, XRP is trading at about $2.11 with a slight decrease over the past day.
Current Price and Trend
XRP is currently trading at $2.11, down 3.21% compared to the previous day. After a failed attempt to break the mid-range resistance at about $2.21, the price has pulled back again. With sellers gaining ground, confidence in a bullish movement has weakened.
Technical Indicators and Their Meanings
The combined analysis of technical indicators shows a bearish trend. The MACD demonstrates a negative crossover with a value of -0.018, and the ADX indicates strong trend strength at 43.11, which also suggests a possible continuation of the decline. Other indicators, such as RSI and CCI, indicate bearish pressure.
Future Predictions
If XRP can break above the $2.30 level with significant volume, the price may rise to $2.50. However, if the price remains in the $2.00-$2.30 range, the trend is likely to persist. In the worst-case scenario, if the price drops below $2.00, a drop toward $1.85 or $1.75 could occur.
The situation with XRP prices indicates market uncertainty. Key indicators continue to point to a bearish trend, requiring careful observation of price movements in the coming days.
