XRP Price Analysis: Bulls Gear Up for a Major Breakout Amid Bearish Pressure

XRP is currently trading at $1.83, reflecting a 2.58% decline over the recent 4-hour session. After a steep sell-off from the $2.20 level, the asset found temporary relief near $1.70, a critical support zone that has so far held against further downside pressure. However, upside momentum remains limited, signaling uncertainty among market participants.

Support and Resistance Zones in Focus

The most immediate support lies at $1.70, which has proven to be a key level where buyers stepped in during the latest dip. A breakdown below this zone could accelerate a move toward the $1.55 area, which aligns with previous swing lows. On the upside, XRP is facing notable resistance at $1.95, which coincides with the midline of the Bollinger Bands and previous price congestion. A strong close above $1.95 would likely pave the way for a test of the psychological $2.00 level, followed by $2.16.

Bollinger Bands Indicate Volatility Shift

The Bollinger Bands are starting to tighten after expanding during the sell-off, hinting at a potential volatility contraction. XRP recently touched the lower band and rebounded toward the mid-band, suggesting the asset may be in the early stages of consolidation. A breakout above the middle band would strengthen the case for a bullish reversal, but failure to hold that level could trap the price in a sideways range.

MACD Shows Weakening Bearish Pressure

The MACD (12,26) indicator is gradually improving. Although still in negative territory, the narrowing gap between the MACD and signal lines, along with a small positive histogram (+0.0018), suggests fading bearish momentum. Traders should monitor for a potential bullish crossover in the coming hours, which could signal the beginning of a short-term trend reversal.

Short-Term Outlook: Next 8–12 Hours

Over the next 8–12 hours, if bulls manage to push the price above $1.95, XRP could test $2.05 and potentially $2.16. However, failure to clear this resistance could see another retest of $1.70. A break below this support would expose the asset to further downside risk toward $1.55.

XRP is at a technical crossroads. The battle between $1.70 support and $1.95 resistance will likely dictate the next decisive move. Traders should wait for a clear breakout or breakdown before committing to positions, as short-term volatility remains elevated.

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.

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