XRP fluctuated between $2.48 and $2.52 over the past hour, supported by a market cap of $144 billion. During the same period, it recorded a 24-hour trading volume of $7.57 billion and an intraday price range of $2.38 to $2.59.
XRP
On the hourly chart, XRP appears to be in a phase of micro-consolidation, finding equilibrium near $2.50 after reaching a local high of $2.604. Resistance is forming between $2.55 and $2.60, while support is anchored at $2.45. This phase of decreasing volumes suggests a measured correction rather than a bearish switch, offering traders potential short-term entry opportunities near support levels, with target exits between $2.60 and $2.65.
Zooming out to the 4-hour chart, XRP maintains its upward trend after experiencing a significant price increase earlier in the week, stabilizing just below $2.50. Resistance zones are at $2.60 and $2.70, while support holds reliably between $2.45 and $2.50. Strategically, traders might consider entry opportunities on a confirmed breakout above $2.60 or a retracement to $2.45, setting profit targets in the $2.60 to $2.70 range.
On the daily timeframe, XRP shows a broader recovery pattern, climbing from a recent low near $2.20 to an intraday high of $2.72 before pulling back slightly. Notably, the increased buying volume on bullish candles reflects renewed market interest. Resistance at $2.72 and support at $2.40 define key levels to watch for further price movements.
Technical oscillators show a differentiated outlook. The Relative Strength Index (RSI) is at 58.99, indicating neutrality, while the stochastic oscillator at 82.71 suggests overbought conditions. The Moving Average Convergence Divergence (MACD) signals a positive at 0.07805, which is offset by selling pressure indicated by the momentum oscillator at 0.10760 and the Commodity Channel Index (CCI) at 137.10.
Across all timeframes, moving averages remain bullish. Both exponential and simple moving averages over 10, 20, 50, 100, and 200 periods indicate favorable buying conditions. This alignment signals that market sentiment for XRP remains optimistic, provided the asset overcomes critical resistance thresholds.
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