Skip to main content

XRP Update: Will It Bounce After Testing $3?

XRP is trading at $3.10 which is below the 4-hour EMA 50 and showing short term bearish pressure.

XRP Chart (Source Coingecko)

Technical Summary

🔹️EMA50 (4H):

🔹️XRP is below it – short term bearish sign.

🔹️RSI: Neutral – no strong momentum to the either side yet.

🔹️MACD: Currently showing a negative signal – possible more downside.


Key Support Zone

XRP has a robust support at $2.96. Prior to any potential bounce, it is more likely XRP might retest the $3.00 mark.

Provided the price sustains above the support, a rebound seems likely. However, failure to hold this support might open the downside movement.

What to Monitor

🔹️Price action around the $3.00 and $2.96 levels

🔹️Indications of MACD Merger

🔹️Any volume surge that supports a rebound


Summary:  

XRP is likely to fallback to $3.00 and then bounce back. It's critical to monitor the $2.96 support level. If it remains stable, XRP is positioned to recover.

_________👇

What I Offer on My Telegram Channel:

1. Crypto Signals – BTC, ETH, XRP, BNB, SOL, AVAX, LINK

2. Commodities – Gold (XAUUSD), US/Oil, USD/JPY

3. Account Management – Grow your portfolio

👉 Join my Telegram channel & message

https://t.me/CryptoTimely

Comments

Post a Comment

Popular post

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. 
Post a Comment
Read more

XRP Ready to Rise 17.65%?

XRP is showing signs of coming back after the recent crypto crash. Right now, it is trading around $2.38 . Recently, the price dropped, but now it is starting to recover, and the market is showing positive signals for a possible rise. XRP Chart (Source TradingView) On the 4-hour chart , XRP is trading just below the EMA 50 , which is an important moving average that shows short-term trends. The $2.29 level is acting as strong support, keeping the price from falling further. On the upside, the $2.50 level is a key resistance. If XRP breaks above $2.50, it could continue to rise toward $2.71 , which is about 17.65% higher than its current price. Looking at RSI (Relative Strength Index) on the 4-hour chart, it has started to rise after being in the oversold zone. This shows that selling pressure is reducing and buyers are slowly stepping in. A rising RSI is a good sign that momentum is turning positive. The MACD indicator is also about to give a positive signal. When this happens, i...
Post a Comment
Read more