XRP at a Make-or-Break Moment: Major Price Move Incoming

The XRP 4-hour chart reveals an intense battle between bulls and bears as the price hovers around the $2.06 level, showing signs of consolidation following recent downward pressure. Currently, XRP trades at $2.06, down 2.32% at the time of analysis. A critical horizontal support level has been identified at $2.0066, which the market has tested multiple times without a confirmed breakdown, highlighting it as a strong demand zone.

Key Support and Resistance Levels

Support: $2.0066 — This area has held multiple times, forming a base from which buyers have previously launched rebounds. A confirmed break below this level could expose XRP to a slide toward $1.90 or even $1.75.
Resistance: $2.20 and $2.40 — XRP faces immediate resistance at $2.20, a psychological level that aligns with prior rejection zones. A break above this could trigger momentum toward $2.40 and beyond.

Trend Overview

The overall medium-term trend remains bearish as the price continues to form lower highs and lower lows. However, recent price action shows the formation of a potential double bottom near the $2.00 support level — a classic bullish reversal pattern. This, combined with increased buying volume, may suggest a shift in momentum if confirmed.

Technical Indicators Analysis

MACD (12, 26, Close):

The MACD is currently in a bullish crossover, with the MACD line crossing above the signal line. The histogram is showing positive momentum, albeit small, indicating a developing bullish sentiment. If this continues, XRP may attempt to reclaim higher levels in the short term.

ADR (Average Daily Range):

The ADR is relatively low, reflecting reduced volatility. This compression typically precedes a significant breakout or breakdown. With XRP sitting at critical support, traders should be prepared for a sharp move in either direction.

Volume Analysis:

Volume spikes around support levels suggest accumulation is occurring. Recent bullish candles have come with relatively higher volume than the bearish ones, which further supports the possibility of short-term bullish continuation.

Chart Patterns

Double Bottom Formation: Seen around the $2.00 support zone. If the price breaks above the $2.20 neckline, this could signal a trend reversal and open the door to $2.40 or higher.
Descending Channel: XRP has been trading inside a descending channel, and a breakout above the upper trendline (around $2.20) would confirm a shift in momentum.

Price Action and Prediction

If bulls continue to defend the $2.0066 level and MACD momentum builds, XRP could attempt to test $2.20 within the next 48 hours. A confirmed break above this level could lead to a move toward $2.35–$2.40. Conversely, if the price breaks below $2.0066, expect a deeper correction toward $1.90–$1.75.

XRP is at a make-or-break point. With strong support at $2.00 and early bullish signals from the MACD and volume analysis, bulls may attempt to push higher. Traders should watch for a breakout above $2.20 or a breakdown below $2.00 to confirm the next big move.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and Google News