XRP Breaks Below Yearly Support as New Addresses Spike to 4,600
- Technical Breakdown: XRP has fallen below a key yearly support level on the weekly chart, dipping into the $1.80 to $1.90 range, which raises short-term selling pressure and the risk of increased volatility.
- Surge in New Addresses: Despite the price decline, the number of new XRP addresses spiked to approximately 4,600 at the end of December, marking the highest daily level in about a month, indicating an increase in network participants that could support long-term adoption.
- Market Sentiment Divergence: The technical chart shows downward pressure, while the growth in on-chain activity suggests new users are accumulating during uncertain times, creating a mixed sentiment that is fragile in the short term but potentially bullish in the long run.
- Future Watchpoints: Market participants are closely monitoring whether XRP can reclaim its yearly support level or establish a new base slightly below it, with sustained growth in new addresses suggesting that the recent price dip may not deter user interest.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.513 | 0.815 | 1.151 | 1.453 | 1.788 | 2.09 | 2.426 |
| Fibonacci | 0.815 | 1.059 | 1.209 | 1.453 | 1.696 | 1.847 | 2.09 |
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