XRP is expected to have mixed momentum in the short term. The increasing trading interest is a sign of profit potential, but the recent corrections warrant caution. Analysts think future movement relies on ongoing buyer pressure.
XRP is currently trading at $2.79, representing a 1.61% increase over the past day. The trading volume increased by 34.87% and is currently at $6.89 billion with strong activity. However, XRP has experienced a 4.44% decrease in the past week.
Source: CoinMarketCap
CryptoPulse, a crypto analyst, highlighted an update on the 4H chart of XRP, which is in a clear downtrend with lower highs. As the examination also highlights, a swing failure pattern was forming at support, signaling further pressure on the price structure. A liquidity grab below $2.70 was further affirming the strong activity around this key level.
Analysts point out that maintaining the $2.70 support could lead to repulsion towards $3.00 or above. However, a confirmed breach below this level would add strength to the bearish setup. The outcome is determined by the ability of buyers to sustain the support zone.
Source: X
The RSI indicates weak momentum. The current RSI is 42.04. The signal line is at 45.07. These readings put XRP close to oversold levels. Purchasing power is still constrained. Traders say a push above 50 would upgrade the outlook. Until then, RSI shows weak bullish support.
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The Moving Average Convergence Divergence (MACD) is also in a bearish trend. The MACD line is -0.06821. The signal line is -0.04208. The histogram stands at -0.02613. This configuration represents negative momentum. Analysts claim that unless a crossover occurs above zero, the bearish conditions prevail.
Source: TradingView
CoinGlass data shows substantial fluctuations in the XRP market. The volume of trading increased by 38% to $8.42 billion as more traders participated. However, open interest decreased by 1.76% to $7.70 billion, which reflects a loss of speculative positioning.
The OI-weighted funding rate is 0.0047%, which is indicative of a conservative approach toward leverage. This suggests that traders are being careful while staying in the market. The market remains active, but commitment levels indicate a lack of conviction for the direction over the short term.
Source: CoinGlass
XRP continues to trade in a consolidation zone. Activity is strong, but structure is weak. The token remains in limbo until it breaks above or below the $2.70-$3.00 range. Traders are reviewing technical signals with sharp focus. RSI and MACD are both indicating caution. The future of XRP will be determined by the subsequent reversal or downside breakout.
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