XRP/USDT Technical Snapshot – May 4, 2025
XRP/USDT is currently trading at $2.1944, reflecting a slight intraday decline of -0.36%. The pair is exhibiting short-term consolidation behavior following a rebound from the recent local low at $2.1760.
Key Observations:
Moving Averages:
The price is fluctuating around the MA(25) at 2.1976 USDT and facing overhead pressure from the longer-term MA(99) at 2.2077 USDT. Notably, MA(7) at 2.2028 is acting as a short-term dynamic resistance, reinforcing bearish bias unless broken decisively.
Price Action:
A lower high was printed at 2.2411, followed by a rejection candle, indicating selling pressure at higher levels. The most recent red candle signals failure to hold above intraday resistance, increasing the likelihood of a retest of support near 2.18.
Volume Profile:
Volume has slightly increased during the recent downward move, indicating that sellers are more active. This aligns with the failed attempt to break above the MA cluster.
RSI (6):
Currently at 40.06, RSI is trending below the neutral 50 zone, suggesting weakening bullish momentum and potential for further downside unless sentiment reverses.
Support & Resistance Levels:
Immediate support: 2.1760
Resistance: 2.2188 (24h high), followed by 2.2411
Summary:
While XRP remains within a broader uptrend over higher timeframes, the 1-hour chart reflects short-term weakness. Price is struggling to maintain levels above key moving averages, and the RSI is not showing bullish strength. Caution is warranted for intraday traders; confirmation of support at 2.1760 or a breakout above 2.22 would provide clearer directional bias.
