XRP Price Tests Critical Support Zone at $1.45
- Downward Price Trend: XRP is currently trading at $1.44, down approximately 10% over the past 24 hours and 23% over the past week, indicating sustained selling pressure that could negatively impact investor confidence.
- Surge in Trading Volume: Despite the price decline, XRP recorded a trading volume of $5.07 billion in the past 24 hours, up 25% from the previous day, suggesting significant market participation during the sell-off, which may indicate potential price volatility in the short term.
- Cautious Derivatives Market: According to CoinGlass data, futures volume rose 17% to $7.94 billion while open interest fell 1.8% to $2.61 billion, indicating that traders are reducing leverage while spot activity increases, potentially signaling an upcoming market turning point.
- Testing Demand Zone: XRP is testing the demand zone at $1.45, which has held during previous declines; if buyers can defend this support level, a short-term bounce towards $1.60 to $1.70 may occur, but a clean break below this level could lead to deeper losses.
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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 |
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