The price of XRP is currently stable after a sharp rise, and the market is awaiting further movements.
Current Price and Movement of XRP
The price of XRP has retreated from its peak of $3.70 and is currently around $3.11. Holding above the $3.00 level, bulls are trying to maintain their positions, but momentum has clearly slowed. The current trading price is below the 9-day moving average, indicating a wait for a new impulse from buyers.
Technical Indicator Analysis
Currently, according to technical indicators, the trend remains bullish, although short-term signals indicate some weakening of buyers. For instance, the relative strength index (RSI) stands at 57.16, indicating bullish momentum, while the average directional index (ADX) signals strong trend resilience. However, some short-term indicators, like the CCI, suggest possible market weakness.
Future Scenarios for XRP
There are several scenarios that could develop depending on the actions of bulls and bears. If the price of XRP can return above $3.30, a rise to $3.65 or even $3.82 is possible. At the same time, if the price closes below the $3.00 mark, this could open up a path for a decline to $2.80 or even $2.44.
At this stage, the price of XRP is fluctuating in a range, and the dynamics of further movements are unclear. The direction of the next move will be determined by whether bulls can hold above the $3.00 level or break $3.30.
