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XRP price is trading at $2.2562, reflecting a 0.16% gain over the last session. The price touched an intraday high of $2.2566 and a low of $2.2514. Despite the slight upward movement, XRP faces selling pressure near key resistance levels. The market sentiment appears cautious as XRP consolidates after a strong rally earlier this month.
The Moving Average (MA) Ribbon provides crucial insights into XRP’s trend strength. The following moving averages play an important role in price movement:
20-SMA (Short-term): $2.3207
50-SMA (Mid-term): $2.3252
100-SMA (Long-term): $2.3513
200-SMA (Major Trend Indicator): $2.2659
XRP is trading below the 20-SMA and 50-SMA, signaling a short-term bearish trend. The 200-SMA at $2.2659 acts as a crucial support level. A close below this level could accelerate the downside momentum. The 100-SMA at $2.3513 remains a key resistance that XRP must breach to confirm a bullish continuation.
XRP is currently testing important support and resistance zones. The following price levels are significant:
Immediate Resistance: $2.3207 (20-SMA)
Major Resistance: $2.3513 (100-SMA)
Immediate Support: $2.2560
Major Support: $2.2000
The $2.2560 level has been holding as support. If buyers defend this area successfully, XRP may bounce back toward $2.3207. If sellers take control and push the price below $2.2500, the next downside target sits at $2.2000. Breaking below $2.2000 could trigger a deeper correction.
The trading volume stands at 112.05K, indicating moderate participation. A noticeable increase in volume near the $2.2500 support zone suggests accumulation. Buyers are stepping in at lower levels, attempting to prevent a further decline.
A volume breakout above $2.3207 could confirm renewed buying momentum. If volume remains low while price struggles near resistance, the upside move may lose steam, leading to further consolidation.
XRP's price action suggests a neutral to bearish short-term trend. The token has struggled to maintain momentum above the 20-SMA and 50-SMA, which act as resistance.
The broader crypto market movement will also influence XRP’s direction. If Bitcoin and Ethereum show strength, XRP could attempt a recovery. On the other hand, if selling pressure increases in the overall market, XRP may continue its downward movement.
If XRP regains strength and surpasses $2.3207, bullish momentum could push the price toward $2.3500+.
A break above $2.3513 (100-SMA) could trigger a rally to $2.4000 and beyond.
Sustained buying pressure could take XRP towards the $2.4500-$2.5000 range in the coming days.
The uptrend remains intact as long as XRP stays above $2.2500 and maintains higher lows.
A clear bullish crossover of moving averages could further confirm an extended rally.
If XRP fails to hold $2.2560, selling pressure could intensify, leading to a correction toward $2.2000.
A close below $2.2000 could trigger further downside towards $2.1500.
Increased selling volume may accelerate the decline, bringing XRP closer to $2.1000.
If the broader crypto market weakens, XRP could revisit the $2.0000 psychological support level.
A failure to reclaim the 20-SMA and 50-SMA would indicate further consolidation or a potential downtrend continuation.
XRP is at a crucial support zone, testing the $2.2560 level. The short-term trend remains neutral to bearish, with resistance at $2.3207 and $2.3513. A breakout above these levels could indicate renewed bullish strength, while a breakdown below $2.2500 could trigger further declines.
Traders should closely monitor volume and price action near these key levels. A strong move above resistance could signal an uptrend, whereas a loss of support might result in extended bearish pressure. The next few trading sessions will determine whether XRP rebounds or continues its downward correction.
