XRP Price Analysis: Bearish Momentum Persists as Support Levels Face Pressure – Markets and Prices Bitcoin News

On Monday morning between 8 a.m. and 9 a.m. Eastern Time, XRP is trading at $2.68, with a market capitalization of $154 billion and a 24‑hour intraday price range from $2.64 to $2.76. The asset’s modest 24‑hour trade volume of $3.75 underscores cautious market participation as traders assess its near-term momentum.

XRP

The 1-hour chart reveals immediate bearish momentum, with XRP struggling to hold above the critical short-term support zone of $2.60–$2.65. Declining trade volume on this timeframe underscores weakening buying interest, aligning with price action that has tested the lower bounds of the 24-hour intraday range ($2.64–$2.76). A breakdown below $2.60 could accelerate losses toward major support at $2.30–$2.40, though a bullish reversal candle paired with volume confirmation might stabilize the asset. Traders should monitor $2.58 as a tight stop-loss level for long positions.

XRP’s 4-hour chart paints a conflicting picture: a nascent uptrend faces stiff resistance near $2.80–$2.85, a zone marked by repeated rejections. While the local recovery suggests bullish attempts, the lack of volume conviction raises skepticism. A sustained close above $2.85 could open a path toward the psychological $3.00 level, but failure here risks retesting $2.65 support. This timeframe’s analysis advises caution, favoring high-volume price confirmation before directional bets.

The daily chart confirms a broader downtrend, though XRP has clawed back from recent lows near $1.78. The recovery remains fragile, with resistance near $2.80–$2.85 acting as a make-or-break threshold. Volume analysis shows capitulation during the prior drop but muted participation during the rebound, signaling skepticism among buyers. A break above $2.85 would challenge medium-term bearish sentiment, while rejection here may validate the overarching downtrend’s persistence.

XRP’s oscillators present a neutral bias overall. The relative strength index (RSI) at 50.74 and Stochastic at 81.66 suggest equilibrium between buyers and sellers. However, the moving average convergence divergence (MACD) flashes a buy signal at -0.03172, contrasting with the momentum indicator’s sell call at 0.27468. This divergence implies fragmented momentum, urging traders to prioritize price action over oscillator signals until clearer alignment emerges.

Moving averages skew bullish, with 10-, 20-, 30-, 50-, 100-, and 200-day exponential averages (EMA) all signaling buys. The 30-day simple moving average (SMA 30) at 2.78278 and 50-day SMA at 2.69015, however, recommend sells, hinting at near-term overhead supply. The 200-day SMA (1.41642) and EMA (1.72464) underscore long-term bullish potential but remain distant from current prices. Traders should weigh shorter-term EMA-driven optimism against SMA resistance levels.

Bull Verdict:

XRP’s current trading level at $2.68, backed by a robust market cap of $154 billion, suggests the potential for an upward move if buying interest surges. A sustained close above the intraday high of $2.76 could catalyze further gains, potentially driving the asset toward the $3.00 mark; traders should look for increased volume and a breakout from current resistance as confirmation of a bullish reversal.

Bear Verdict:

Despite XRP’s solid market capitalization, the relatively low 24‑hour trade volume of $3.75 and its confined intraday price range between $2.64 and $2.76 indicate a lack of robust momentum. A breakdown below the crucial support zone at $2.60 could expose XRP to accelerated selling pressure, making it vulnerable to further declines; cautious traders should be wary of these technical pressures and the potential for a deeper bearish slide.

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