XRP Momentum Shift Indicates Target of $5.85
- Momentum Shift: Dark Defender's analysis indicates a momentum reversal for XRP on the 3-day chart, with the RSI golden cross suggesting that the price could break out of the current consolidation range, potentially driving it towards a target of $5.85.
- Structure Completion: The completed 3-wave corrective structure shows XRP stabilizing in the $1.88 to $2 range, indicating that the corrective phase may have ended, which could enhance investor confidence and lead to a strong rebound.
- Long-Term Target: The analyst has reiterated the $5.85 target multiple times, anticipating a sharp advance once the price clears the current consolidation range, reflecting a bullish sentiment towards XRP in the market.
- Market Reaction: XRP's price behavior demonstrates stabilization rather than continued decline, supporting the analyst's view that the asset is entering its final wave, which may attract more investor interest.
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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 | 0.518 | 0.818 | 1.155 | 1.455 | 1.793 | 2.093 | 2.43 |
| Fibonacci | 0.818 | 1.061 | 1.212 | 1.455 | 1.699 | 1.849 | 2.093 |
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