#REX-OSPREYSolanaETF Technical analysis: XRP in technical compression: accumulation or preparation for a new drop?
In the 4-hour chart, XRP shows a horizontal consolidation pattern after the strong drop and subsequent rebound from June 23 to 25. Currently, the price is moving in a narrow range, limited by a nearby resistance around $2.19 – $2.20 and an immediate support at $2.16 – $2.17, an area where it is trading at the time of the analysis.
The short and medium-term exponential moving averages (3, 6, 13, and 21 periods) are converging, reflecting a lack of dominant trend and a clear state of technical compression.
⭐Technical indicators:
👉EMAs: The price is oscillating between the 3 and 21 EMAs. This structure reflects market indecision. For a significant breakout, it will be key to observe a solid close above or below these averages.
👉RSI (14): It remains at neutral levels, currently at 47.63, with no clear signals of overbought or oversold conditions. This reading supports the current sideways scenario and leaves open the possibility of an explosive movement in either direction.
👉Volume: In recent sessions, volume has gradually decreased, which usually anticipates a movement of greater volatility once the price defines direction.
⭐Possible scenarios:
1. Bullish (short term)
If XRP manages to break strongly above $2.20, especially with volume confirmation, it could quickly test levels around $2.25 – $2.28, where recent resistances are located.
2. Bearish (short to medium term)
A clear loss of support at $2.16 could lead the price to test the structural support of $2.05 – $2.00 again, a key area that has served as a base in previous rebounds.
XRP is in a compression phase with a high probability of volatility expansion. The resolution of the current range (approximately between $2.16 and $2.20) will mark the next relevant movement, making it essential to monitor volume and RSI behavior to anticipate the direction. The asset shows no clear trend at the moment, so traders should maintain active surveillance of immediate support and resistance.
