XRP Price Analysis: Will the $2.21 Support Hold?

-

XRP is currently facing a key moment as it trades around the $2.21 support level, showing signs of hesitation near a critical technical zone. 

XRP Chart (Source Coingecko)

After recently clearing oversold conditions, XRP is struggling to break below the 50-period Exponential Moving Average (EMA50) on the 4-hour chart, indicating strong support pressure.

Technical Indicators:

  • EMA50: Acting as dynamic support near $2.21
  • RSI (Relative Strength Index): Neutral, reflecting market indecision
  • MACD (Moving Average Convergence Divergence): Bearish crossover, showing negative momentum building

What to Watch:

If XRP manages to break below the $2.21 support, it could pave the way for a retest of the $2.10 zone, a key demand area that may determine the next move. However, as long as it holds above $2.21, buyers still have a chance to push the price higher.

Conclusion:

XRP is at a make-or-break level. The next few candles on the 4-hour chart could confirm the direction. Traders should watch the $2.21 support closely and manage risk accordingly.

Join my Telegram channel for daily Crypto & Commodity trading signals - 100% free!

👉 Link: https://t.me/bwtinternational

Comments

Post a Comment

Popular posts from this blog

Ethereum Heading Towards $4,000:

-
Big Potential Ahead! Ethereum is close to hitting $4,000, following a strong rising trend. Experts believe that if ETH breaks its past high of $4,500, it could reach $5,000–$5,500 in the next bull run. Some even predict ETH could hit $6,000–$7,000 if it continues to rise. Hold tight—big gains could be coming!
Read more

🚀 XRP Price Update – Is a Breakout Coming?

-
XRP is trading at $2.81, up 1.89% in the last 24 hours.  With strong resistance at $3.00,  a breakout could push XRP toward $3.20 or its ATH $3.38+! Key levels to watch: 🔹 Resistance : $3.00 - $3.20 (Break = 🚀) 🔹 Support : $2.50 - $2.20 (Pullback zone) 🔹 Sentiment : Bullish, but Fear & Greed Index at 50 (Neutral) A breakout above resistance will confirm further upside momentum.
Read more

Why Is Bitcoin Going Up? BTC Hits $97K After Buy Signal

-
Bitcoin (BTC) is going up, reaching $97,000 on January 14, 2025. It dropped below $90,000 on Monday, which worried some people. The price is rising because of a strong buy signal at $92,000. Experts think Bitcoin could reach $103,000 or even its highest price of $108,000 soon. Could Bitcoin reach $1 million? Some say it’s possible, but others think it will stay lower in 2025. 
Read more