From a chart perspective, XRP is consolidating after breaking higher. The price recently moved above the $2.10–$2.15 zone, which had capped gains through late December.
That area is now acting as near-term support. XRP has also reclaimed its short-term moving average near $1.96, a level often watched for trend direction. After weeks of sideways movement, the price has pushed above the middle Bollinger Band at $2.05, indicating improving momentum. XRP is currently testing the upper band at $2.26. That level could restrict future gains if volatility doesn’t pick up.
The relative strength index has climbed to 59, showing stronger momentum, but rallies in weaker trends often stall in this range. A higher low has formed near $1.88–$1.90, which supports the short-term structure.
As long as XRP holds above $1.96 on a daily close, the setup remains constructive. A clean move above $2.26 would put $2.40 to $2.50 back into focus. If support fails, attention would shift back toward $1.85, with deeper downside near $1.66. #$XRP #CryptoMarketWatch
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XRP price technical analysis
From a chart perspective, XRP is consolidating after breaking higher. The price recently moved above the $2.10–$2.15 zone, which had capped gains through late December.
That area is now acting as near-term support. XRP has also reclaimed its short-term moving average near $1.96, a level often watched for trend direction.
After weeks of sideways movement, the price has pushed above the middle Bollinger Band at $2.05, indicating improving momentum. XRP is currently testing the upper band at $2.26. That level could restrict future gains if volatility doesn’t pick up.
The relative strength index has climbed to 59, showing stronger momentum, but rallies in weaker trends often stall in this range. A higher low has formed near $1.88–$1.90, which supports the short-term structure.
As long as XRP holds above $1.96 on a daily close, the setup remains constructive. A clean move above $2.26 would put $2.40 to $2.50 back into focus. If support fails, attention would shift back toward $1.85, with deeper downside near $1.66.
#$XRP #CryptoMarketWatch