XRP has shown renewed strength after rebounding from the $2 support level within the past 24 hours. The price recovery came as market tensions linked to geopolitical issues began to ease, leading to a more positive sentiment.
Support at $2 and Return of Buyer Interest
The $2 level has once again proven to be reliable support as XRP reversed from this price point after brief selling pressure. Buyers stepped in swiftly, pushing the price higher and triggering renewed interest in the asset. This response followed signs of calming geopolitical concerns, which helped improve traders' risk appetite.
Bullish Momentum Based on MACD Indicator
The 12-hour MACD indicator printed a bullish crossover earlier today, signaling a shift in short-term momentum. This development reflects reduced selling activity and suggests that bulls are regaining control. If purchasing power sustains, XRP may go above the $2.3 resistance level.
RSI Growth as a Sign of Increasing Demand
The 4-hour RSI, which had previously dipped into oversold territory, has now made a higher high. This move reflects a growing presence of buyers and indicates increasing demand at current price levels. However, the price might experience some drawbacks during the breakout at the $2.3 mark.
The positive response of XRP above the $2 mark indicates an inclination in the trend, and relief from external pressures benefits the technical conditions. The $2.3 level has become a key focus for traders, and momentum signals reflect the possible cooperation of bulls in testing it.
