XRP Confirms Support at $2.18, Targets $2.58
- Support Confirmation: XRP confirms strong support near $2.18 after a clean retest, maintaining a bullish structure that indicates market confidence in a rebound, potentially attracting more buyers into the market.
- Wave Structure Analysis: Analysts suggest that the wave count indicates a push towards the $2.58 to $2.66 range, with a breakout above $2.70 potentially initiating a new upward trend, further solidifying its market position.
- Stable Trading Volume: XRP's trading volume exceeds $4.4 billion, reflecting steady activity despite a slight decline over the past 24 hours, while maintaining a weekly gain of over 19%, indicating sustained market interest.
- Technical Indicator Monitoring: Short-term indicators show cooling momentum, yet the market structure remains stable; if the price holds above the $2.13 to $2.18 support range, XRP could prepare for another upward move as broader market conditions improve.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 | 0.515 | 0.816 | 1.153 | 1.454 | 1.79 | 2.091 | 2.428 |
| Fibonacci | 0.816 | 1.06 | 1.21 | 1.454 | 1.697 | 1.848 | 2.091 |
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