After a week of tight range trading between $0.63 and \$0.68, XRP/USDT heads into the new week with traders watching closely for a breakout. The current market structure suggests consolidation may be approaching a tipping point.
Key Technical Levels to Watch
Resistance Zone: $0.70 – $0.72
Support Zone:$0.63 – $0.62
Breakout Target:$0.75 – $0.78 if bullish momentum builds
Breakdown Target:$0.59 – \$0.60 if support fails
Technical Setup
The daily chart shows XRP still hovering near its 20-day EMA, which is flattening — a typical sign of indecision before a larger move. The MACD is edging toward a bullish crossover, but confirmation will require a sustained close above $0.70 RSI remains in the mid-50s, giving bulls room to run if momentum sparks.
🔹 Market Drivers This Week
1. Macro Sentiment: Any risk-on move from Bitcoin breaking \$65K could drag altcoins higher.
2. Ripple Legal Updates:Traders will be on alert for surprise headlines in the Ripple vs SEC case, which have historically triggered sharp intraday swings.
3. Liquidity Conditions: Weekend volume has been light — a spike in buying activity during early-week sessions could set the tone.
🔹 Strategy Considerations
Short-Term Traders: Look for a clean break above $0.70 with volume for long entries; watch $0.68 as a possible pullback buy zone.
Swing Traders: A stop-loss just below $0.62 protects against a breakdown if bearish pressure returns.
HODLers:The broader trend remains sideways to mildly bullish, but patience is key until XRP clears $0.75.
🔹 Overall Sentiment
Neutral-to-Bullish. $XRP XRP has a window for upside if the crypto market strengthens, but without a catalyst, sideways movement is the base case. Keep an eye on $0.70— that’s where the real decision point lies.
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Author -@shubhamkarnik597