XRP Attempts Recovery After Sharp Pullback, But Bullish Momentum Faces Resistance
XRP is currently trading at $2.36 following a recent bounce, but technical indicators show mixed signals across timeframes.
On the 1-minute chart, the RSI has climbed above 63, suggesting short-term bullish momentum. However, price action remains close to the upper Bollinger Band, often a signal for short-term exhaustion.
Meanwhile, the MACD is just beginning a modest bullish crossover, indicating that upward momentum is building, albeit cautiously.
On the 30-minute timeframe, XRP appears to be stabilizing after a strong rally earlier this week. The RSI is neutral around 52, signaling a potential consolidation phase rather than a strong directional move.
The Bollinger Bands are slightly widening, indicating rising volatility, while the price remains above the midline. However, MACD momentum is flattening, hinting that buyers may need more volume to push higher.
Overall, XRP’s price recovery shows signs of strength, but momentum remains fragile. If bulls can hold above the $2.35 support level and push through $2.38 resistance, further upside could materialize.
Otherwise, failure to sustain buying pressure may lead to another retest of the lower Bollinger Band near $2.33.