XRP trades at $2.37 with a 24-hour high of $2.47 and rising volume.
MACD histogram flipped green, echoing conditions before previous fivefold surge.
SRSI approaches 80 level; confirmation could align both indicators for potential rally.
XRP is showing signs of technical alignment that previously preceded significant price movement. Market analysts are monitoring chart signals as XRP approaches a historical setup last seen before its fivefold increase. Specifically, attention has turned to the Moving Average Convergence Divergence (MACD) and Stochastic Relative Strength Index (SRSI), both of which are nearing critical levels.
MACD Turns Positive as Momentum Rebuilds
According to an analysis prepared by JD on the 3-day timeframe, XRP’s MACD has transitioned into a green zone. The MACD histogram turning positive is often interpreted as a signal of changing momentum.
Source: JD (X)
In previous cycles, this pattern aligned with periods of accelerated price action. Market participants are evaluating whether this current pattern holds the same weight, considering it occurred during XRP’s last sharp rally.
Data from historical charts shows that the last fivefold move in XRP’s price followed shortly after a similar MACD shift. While the histogram has already flipped green, traders are now tracking other complementary indicators to confirm the trend.
SRSI Closes in on Key Overbought Signal
Another critical metric under review is the Stochastic Relative Strength Index. XRP’s SRSI is approaching a cross above the 80 level on the 3-day chart. This threshold, considered an overbought condition, has previously marked the beginning of extended bullish cycles.
In the previous instance, XRP’s strong move came after the green SRSI line crossed and remained above 80. Analysts are now watching to see whether this move will be repeated. The upcoming sessions may determine if the SRSI crossover gets confirmed, adding another signal to the current setup.
The combined presence of a green MACD and an SRSI cross above 80 previously aligned with breakout conditions. As of now, only one leg of the pattern has completed, with the SRSI still awaiting confirmation.
Outlook Hinges on Technical Confirmation
At the time of press, CoinMarketCap data indicates that XRP is trading at $2.37 after a 0.35% daily decline, with a market cap of $138.82 billion. The 24-hour trading volume increased by 9.58% to $5.01 billion. The circulating supply stands at 58.55 billion XRP, while the total supply is 99.98 billion. XRP reached a daily high of approximately $2.47 before retreating.
Source: CoinMarketCap
Price action showed strong upward movement early in the session, followed by a decline in the later hours. The Fully Diluted Valuation (FDV) is currently $237.08 billion. XRP’s volatility remained moderate as the price settled into a tighter range below the day’s peak level.
With both MACD and SRSI nearing key thresholds, market watchers are preparing for a potential technical validation. If the SRSI completes its crossover, it will mark the first time since XRP’s last rally that both indicators align simultaneously.
