XRP Faces Increased Volatility Amid Market Uncertainty

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1d ago

Should l Buy XRP?

Increased Market Volatility: XRP has experienced a nearly 40% decline over the past month, currently hovering around $1.40, reflecting the market's heightened sensitivity to macroeconomic concerns and geopolitical tensions.
Ongoing Selling Pressure: The token saw another 20% drop last week, briefly hitting $1.13 on Friday, a level not seen since November 2024, indicating that liquidation pressures are still not fully absorbed by the market.
Weak Demand: With reduced interest in XRP ETFs, the spot market remains muted as investors shy away from risk assets, causing XRP to trade within a range of $1.13 to $1.50 without clear buying signals.
Cautious Future Outlook: The market is awaiting key U.S. economic data, particularly the January jobs report and CPI data, which could influence XRP's price movements, leaving overall market sentiment cautious.

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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 5 technical signals, shows that 1 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	0.461	0.789	1.157	1.485	1.853	2.181	2.548
Fibonacci	0.789	1.055	1.219	1.485	1.751	1.915	2.181

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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