XRP is currently trading at $2.34 with a market capitalization of $135.76 billion, placing it in fourth position behind tether (USDT) at $142 billion, while its 24-hour global trade volume stands at $6.07 billion within an intraday price range of $2.31 to $2.55, reflecting a decline of 31.3% from its all-time high.
On the one-hour chart, XRP is exhibiting bearish momentum, with local resistance observed at $2.4 to $2.45 and support established at $2.3. Short-term price action suggests a slight bullish rejection at support levels; however, the overall trend remains weak. Traders monitoring this timeframe may consider long positions around $2.3 if reversal patterns emerge, while failed attempts to breach $2.4 could indicate short-selling opportunities targeting the $2.2 to $2.3 range.
The four-hour chart indicates a more structured downtrend, with XRP facing resistance between $2.7 and $2.8 and support at $2.3. The price action in this timeframe suggests a consolidative phase following a recent rejection. If XRP retests $2.3 and holds, it could present a potential long entry with a stop-loss at $2.2. A breach below $2.3 would likely open the door for a move towards $2.2 or lower, while a sustained breakout above $2.5 to $2.6 could shift sentiment in favor of bullish continuation.
Examining the daily chart, XRP is consolidating after experiencing a sharp rise followed by a correction. Resistance is positioned at approximately $3.1, while support lies between $2.2 and $2.3. The broader trend remains neutral, suggesting market indecision. A successful defense of the $2.2 region with confirmation signals such as increased volume or bullish candlestick formations could validate a buy zone for short-term traders. Conversely, a drop below $2.2 would indicate further downside risk.
Oscillator readings present a mixed picture, with the relative strength index (RSI) at 45.61, the stochastic %K at 45.37, the commodity channel index (CCI) at -45.83, and the average directional index (ADX) at 24.31, all signaling neutrality. Meanwhile, the awesome oscillator is generating a sell signal, whereas momentum and the moving average convergence divergence (MACD) indicate buying pressure. This divergence suggests a potential shift in momentum, but confirmation is necessary before any directional bias can be confirmed.
Moving averages further reinforce the bearish sentiment in the short term, as the exponential moving averages (EMA) and simple moving averages (SMA) across 10, 20, 30, and 50 periods all indicate selling pressure. However, the 100-period EMA provides a buy signal, and both the 200-period EMA and SMA suggest long-term bullish support. This suggests that while short-term price action remains under pressure, the broader market structure may still favor long-term accumulation if critical support levels hold.
Bull Verdict: Despite the current short-term bearish sentiment, XRP's ability to hold above the $2.2 to $2.3 support range could establish a foundation for a bullish reversal. With long-term moving averages signaling buy support and momentum indicators showing early signs of a potential shift, a breakout above $2.5 to $2.6 could trigger renewed upside momentum. If market conditions stabilize and buying pressure strengthens, XRP may reclaim higher resistance levels, making it a favorable accumulation opportunity for long-term investors.
Bear Verdict: XRP remains in a short-term downtrend, with multiple moving averages and price action indicating selling pressure. The failure to sustain a move above $2.4 suggests weak bullish momentum, while a break below $2.3 could expose the asset to further declines toward $2.2 or lower. Oscillators remain mostly neutral, reinforcing market indecision. Unless XRP sees a definitive shift in volume or a strong technical breakout, the prevailing trend suggests further downside risk in the near term.