XRP is trading with a modest gain of 1.67%, reaching $2.18. Let's examine the key technical levels and market signals that may influence future price movements.
Daily Chart Outlook
XRP remains in a descending channel, indicating bearish momentum. The 100-day Exponential Moving Average acts as resistance. A breakout above could shift momentum, while rejection may trigger further declines.
4-Hour Chart Trends
On the 4-hour timeframe, XRP moves within an ascending channel, forming higher highs and lows. A strong support zone near the 0.618–0.65 Fibonacci retracement range could fuel a rally toward $2.80–$2.90 if buying pressure continues.
1-Hour Chart Signals
XRP recently faced rejection at $2.19–$2.20, reflecting strong resistance. The MACD suggests overbought conditions, and Bollinger Bands indicate potential retracement if the price dips below $2.15.
The analysis suggests that XRP may consolidate between $2.15 and $2.20. A break above $2.20 could push prices toward $2.37, while failure to hold $2.15 may lead to a retest of $2.00. Market participants should be ready to adapt to evolving conditions.
