XRP/USD corrected lower this week and continues to trade inside a medium-term sideways range between 1.5625 and 1.2695. The pair is currently hovering near 1.3900, with no clear directional breakout yet.
Market uncertainty remains the main factor limiting activity. Geopolitical risks in the Middle East and uncertainty around future central bank policy decisions are keeping investors cautious. As a result, traders are not rushing to open new positions, and XRP/USD remains stuck between key support and resistance zones.
The most important level for buyers is 1.5625. This area corresponds to Murray level [8/8] and also coincides with the middle line of the Bollinger Bands on the weekly chart. A firm breakout and consolidation above this level could allow XRP/USD to leave the descending channel and shift the current structure in favor of the bulls. In that case, the next upside targets would be 1.9980 and 2.3519.
On the downside, the key level to watch is 1.3671. A break below this support could increase bearish pressure and send the pair toward 1.2695. If sellers remain in control, the next downside targets would be 1.0742 and 0.7812.
Technical indicators are mixed. Bollinger Bands on the current timeframe are moving horizontally, showing a lack of strong momentum. The MACD histogram remains stable in positive territory, while the Stochastic indicator is moving lower. On the weekly chart, Bollinger Bands are still directed downward and MACD remains in negative territory, confirming that the broader downtrend has not yet been fully reversed.
Key resistance levels:
1.5625, 1.9980, 2.3519
Key support levels:
1.3671, 1.2695, 1.0742, 0.7812
Main scenario: SELL STOP
A bearish scenario becomes relevant if XRP/USD breaks below 1.3671. In this case, short positions may be considered from 1.3610, with targets at 1.2695, 1.0742 and 0.7812. The stop-loss may be placed near 1.4500.
Alternative scenario: BUY STOP
A bullish scenario becomes relevant if XRP/USD breaks and consolidates above 1.5625. In this case, long positions may be considered from 1.5640, with targets at 1.9980 and 2.3519. The stop-loss may be placed near 1.4160.
Overall, XRP/USD remains in a waiting phase. As long as price trades between 1.3671 and 1.5625, the market is likely to stay range-bound. A breakout beyond either side of this zone may define the next major move.
