XRP increased 15.6% in 24 hours to $3.62 and gained 13.8% against Bitcoin to change hands at 0.00003008 BTC.
Both RSI and MACD are indicating overbought, yet momentum remains strong with no bear divergences.
Price remains in the middle of $3.14 support and $3.65 resistance, with structural integrity and buying pressure solid.
XRP registered a notable price appreciation within the last 24 hours, rising 15.6% to $3.62. Market participants demonstrated an uptick in demand, propelling XRP to its present resistance of $3.65. The currency rose 13.8% against Bitcoin and was trading at 0.00003008 BTC.
https://twitter.com/Steph_iscrypto/status/1946072162781061616
XRP recorded a notable price increase over the last 24 hours, rising 15.6% to reach $3.62. The rally occurred as market participants showed increased interest, pushing XRP close to its immediate resistance level of $3.65.
The asset gained 13.8% against Bitcoin, trading at 0.00003008 BTC. This performance came alongside sharp increases in volume and momentum indicators. Market capitalization remained above $214.4 billion, with equal buying and selling pressure reported across exchanges. The latest surge occurred while XRP maintained support above the $3.14 zone. This level acted as a cushion throughout the current rally phase.
Technical Indicators Show Bullish Momentum
The RSI readings crossed 74.95 on the hourly chart, which are in the overbought zone. The highest RSI was 76.14, which indicates great momentum. Despite these levels, buyers continued to maintain upward pressure without immediate signs of reversal. XRP’s MACD indicator also confirmed the bullish movement, with the 12/26 MACD line crossing above signal lines.
Source: TradingView
MACD volume climbed to 796.9 million during the move. Notably, both histogram and momentum bars trended positively, indicating strong buyer conviction. The trend unfolded in a structured manner, supported by consistent volume expansion. There were no major bearish divergences observed within the timeframe.
XRP Tests Resistance Zone While Maintaining Structural Support
As of the latest hourly session, XRP continued to hover just below the resistance level at $3.65. The price approached this level multiple times but failed to break cleanly above. However, the structure remained intact as price consistently held above the $3.14 support line. This area previously acted as a base during the early phases of the surge.
The market continued to react strongly to this level, reaffirming its importance. As long as XRP is trading above this level, upside tests will continue to be possible. At this point, XRP is moving in a tight range between the support of $3.14 and a resistance of $3.65, with buyers continuing to have momentum.
