XRP performed well yesterday, surpassing the resistance level of $2.22 that we were watching for signs of bullish momentum. It rose to about $2.27, but did not achieve a clear breakout above the $2.30 level.
Let's see where XRP's price could go today.
XRP Chart Analysis
XRP is trading at $2.2736 at the time of this report. On the daily chart, XRP continues its upward trend after recovering from intense sell-offs in early April. The price has recorded higher lows and highs, indicating a short-term bullish trend.
The 9-day simple moving average (SMA) is trending upwards and is currently approaching $2.19, providing dynamic support. XRP remains above this level, indicating that buyers are in control of the market. XRP faces immediate resistance at $2.30-$2.32, where sellers have rejected attempts to rise in recent days.
Support is shown at the $2.05-$2.10 area, based on previous consolidation, while stronger support remains between $1.95 and $2.00. Below that, the $1.75-$1.80 area represents the region that previously saw intense buying interest in XRP.
Although volume data is not displayed directly on the chart, price behavior indicates a decrease in volume during this consolidation phase, which is typical before any major move.
Technical indicators suggest a positive outlook for Ripple's price today. The MACD indicator (12.26) is at 0.013, showing a bullish crossover with increasing positive momentum. The Commodity Channel Index (CCI) records 126.3404, which is in a bullish zone above +100, confirming strong buying pressure.
#لا_إله_إلا_أنت_سبحانك_اني_كنت_من_الظالمين
#استغفر_الله_العظيم_وأتوب_إليه
