XRP’s rally earlier this month has cooled off, and now the price is stuck in limbo. After peaking at $3.70, it has pulled back to around $3.11, with $3.00 acting as the key support level bulls are desperately trying to defend.
📉 Current Snapshot:
Price: $3.114
Range: $3.05 – $3.18
9-Day SMA: $3.246
Volume: Weak/slowing
Trend: Neutral to bullish (long-term), sideways (short-term)
🔍 What’s Happening on the Chart?
XRP is still trading below the 9-day SMA, now acting as resistance. The market is showing low volume, tight candles, and a clear lack of momentum classic signs of a wait-and-see zone.
Unless XRP can reclaim $3.25+, upside is capped. A close below $3.00 could spell trouble.
✅ What Played Out (From Yesterday)
We highlighted $3.30 as the breakout level to watch—and it held firm. Price remained within the projected $3.00–$3.14 range. Bulls showed up at support, but there was no follow-through, keeping XRP range-bound.
🧠 Technical Indicator Check:
RSI (14) 57.16 ✅ Bullish – still above 50
ADX (14) 60.12 ✅ Bullish – strong trend strength
MACD (12,26) 0.172 ✅ Bullish – momentum holding
CCI (14) -65.09 ❌ Bearish – short-term weakness
ROC 6.699 ✅ Bullish – positive price acceleration
Bull/Bear Power -0.0387 ❌ Bearish – bears slightly in control
Summary: Long-term trend still leans bullish, but short-term indicators suggest buyers are losing steam.
🧭 Today’s Scenarios to Watch:
📈 Bullish Case:
Reclaiming $3.30 opens the door for a run toward $3.65 or even $3.82.
😐 Neutral Case:
Price continues to range between $3.00 and $3.14 as the market waits for a catalyst.
📉 Bearish Case:
A close below $3.00 could trigger a sharp drop to $2.80, or even $2.44.
🗣 Final Take
XRP is coiling, not crashing. The $3.00 level is holding—for now—but bulls need a clean breakout above $3.25 to revive the rally. Until then, expect sideways chop with a cautious bullish tilt.
🧠 Stay sharp. A breakout or breakdown is brewing.
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