- XRP holds above $2.40 with MACD crossover and rising RSI suggesting bullish continuation.
- Price faces resistance at $2.50; breakout may lead to $3.00 retest.
XRP, a cryptocurrency that is native to the XRP Ledger and designed to facilitate payments and transfers of value across the XRPL, has reported a continuous uptick. However, in recent days, the asset has recorded a slight dip, triggering a concern on whether the dip will extend or if it will hold for a potential upward move.
XRP Current Market Action Explained
Tracking the current market trend as of press time, CoinMarketCap data indicates that XRP is trading at $2.40 after dropping by 3.54% in the last 24 hours. The market capitalization stands at $141.13 billion, showing a 3.43% drop during the same period. XRP’s 24-hour trading volume reached $5.66 billion, reflecting a 16.70% increase as the fully diluted valuation is recorded at $240.73 billion.
The volume-to-market cap ratio over 24 hours is 3.99%, indicating substantial liquidity. Price movement shows a peak at $2.4958 before entering a downtrend throughout the trading day. A sharp decline followed during late hours, with a recovery attempt during the Asian trading session.
However, XRP remained below the $2.50 mark for the entire period. The profile score is listed at 65%, showing a moderate market presence. The chart shows steady volatility, with no significant breakout observed during the timeframe.
XRP Technical Analysis: Bullish or Bearish Extension?
According to a Tradingview observation, the XRP daily chart presents a technical outlook supported by the MACD and RSI indicators. A closer look shows that the MACD has crossed over in a positive way, with the MACD line (0.0820) now above the signal line (0.0649). This positive move means things are likely to keep going higher. Additionally, the histogram is getting taller above the zero line, which means more and more coins are trading at higher prices, pushing the market into a stronger bullish mode.
On the other hand, the RSI index is sitting at 56.11 right now, and its average has gone up to 57.61. This position puts XRP in a no-man’s land, as it’s not yet too high or too low, so the price could still go up or down more. RSI levels between 50 and 70 usually happen during trend consolidation or small bullish trends, and that could mean XRP could keep going up before drilling overbought levels around 70.
Historical patterns show that the last time XRP’s MACD line went above its signal line was in early April 2025, and this happened just before the price of XRP started to slowly go up. The current price movement shows support from both the MACD and RSI, which means the trend could continue going up.
In the broader view, XRP recently recovered from a local low around $1.85 and is now approaching resistance near $2.50. Should momentum persist, a breakout above this resistance could push prices toward the $3.00 mark last seen in early January 2025.
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