XRP Surges 10.54% in 24 Hours, Market Cap Hits $142.6 Billion
- Strong Market Performance: XRP surged 10.54% in the last 24 hours, with its market capitalization rapidly expanding to approximately $142.6 billion, reflecting robust market demand and investor confidence, making it one of the strongest large-cap cryptocurrencies this month.
- Surge in Trading Volume: XRP's trading volume reached $6.74 billion, indicating broad market participation that surpasses speculative trading, further solidifying its position as a leading crypto asset.
- Technical Breakthrough: XRP cleared the resistance zone of $2.28 to $2.32, pushing the price back above the 200-day EMA near $2.35, confirming a short-term bullish trend and indicating a healthy market structure.
- Derivatives Market Response: Open interest in futures jumped 23% to over $4.7 billion, showing that leveraged participants reacted positively to the breakout, although the Fear & Greed Index still reflects cautious sentiment, suggesting potential for trend continuation.
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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 | 0.459 | 0.788 | 1.155 | 1.484 | 1.851 | 2.18 | 2.547 |
| Fibonacci | 0.788 | 1.054 | 1.218 | 1.484 | 1.75 | 1.914 | 2.18 |
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