XRP is trading at approximately $2.17 as on 1st March 2025.
Technical indicators present a mixed outlook for XRP's short-term performance. The 14-day Relative Strength Index (RSI) is at 55.53, suggesting moderate bullish momentum with room for further gains. The Moving Average Convergence Divergence (MACD) shows a slight bullish signal, with the DIF (0.1465) above the DEA (0.1283), and the MACD line (0.0182) above the zero axis. However, the price is approaching the upper band of the Bollinger Bands (approximately $2.73), indicating potential resistance in the short term.
Recent whale activity has seen the accumulation of 40 million XRP tokens within 24 hours, which could signal confidence among large investors and potentially lead to upward price movement.
Given these indicators and market sentiment, XRP may experience slight fluctuations within the identified support and resistance levels over the next 24 hours. If the price breaks through the upper Bollinger Band at $2.73 and maintains the bullish MACD signal, XRP could rise further, potentially reaching between $2.75 and $2.80. Conversely, failure to surpass this resistance may lead to a retracement, testing support levels between $2.40 and $2.50.
Please note that cryptocurrency markets are highly volatile, and short-term predictions are inherently uncertain. It's advisable to conduct thorough research and consider your risk tolerance before making investment decisions.