XRP is currently trading at about $1.94, just under the $2.00 mark we identified as a strong resistance point. The price rose from $1.87 but struggled to break through $2.00, where the 4-hour EMA50 serves as a significant barrier.
XRP Chart (Source TradingView) XRP’s Current Technical Picture
- EMA50 Resistance (4H): XRP is still below the EMA50, which shows that short-term momentum is limited. A lasting move above this level is necessary for bullish momentum.
- MACD (4H): This indicates selling pressure, showing that buyers are not fully in control yet.
- RSI (4H): This is in neutral territory, meaning the market is balanced without a clear dominance from buyers or sellers.
Short-Term Range
As long as XRP remains below the EMA50, it will likely trade between $1.85 and $1.97. The price is expected to move sideways until it either breaks above resistance or falls below support.
What Could Trigger a Bullish Move
A confirmed break above the EMA50 (4H) could signal the start of a strong bullish trend. Key potential targets after a breakout include:
- First zone: $2.10
- Next zone: $2.35
Higher levels if buying momentum increases further.
Summary
XRP is consolidating just below a key resistance at $2.00. It is important to watch the EMA50 on the 4-hour chart. A breakout above it could spark a strong upward rally. If it fails to break, the price may stay in the $1.85 to $1.97 range for now.
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