XRP Price Analysis: Is a Bounce Coming?

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XRP is currently trading at $2.09 after cooling off from recent overbought conditions. 

XRP Chart (Source Coingecko)

This healthy correction could be setting the stage for the next move up.

On the 4-hour timeframe, the price candle is sitting below the EMA50, which often signals short-term resistance. However, there are encouraging signs in the indicators:

✅ RSI is looking positive, suggesting that buying momentum is returning.


✅ MACD is signaling bullish, indicating that a trend reversal to the upside could be building.

These technical signals together suggest XRP may be ready to bounce and retest the $2.20 level soon. If this level breaks, there's potential for XRP to move even higher as the correction phase ends and buyers step back in.

Key Levels to Watch:

  • Support: $2.05 – $2.09 zone
  • Resistance: $2.22 and higher targets if bullish momentum continues

Conclusion:
While XRP remains below the EMA50 on the 4-hour chart, the improving RSI and bullish MACD are positive signs. Traders should watch for a move above $2.20 as a confirmation of renewed upside potential.

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