XRP is showing signs of life after a recent decline, closing the daily session at $2.1320 with a modest gain of 0.79%. Following a corrective structure in recent weeks, XRP is attempting to rebound from local lows. But is this just a relief bounce, or the beginning of a new rally?
Let’s break down the technical setup and project XRP’s potential next move over the next 48 hours.
Price Trend: Bearish Correction with Reversal Hints
The current price action reveals that XRP has been in a descending correction from the highs above $3.00. However, the recent stabilization around the $2.00–$2.10 area is notable, indicating potential demand stepping in.
Despite the prevailing downtrend, the formation of higher lows on lower timeframes is an early sign that bulls may be gaining confidence.
Key Support and Resistance Levels
- Support Zones:
- $2.00 – $2.10: Strong horizontal support from recent price action and bounce zone.
- $1.85 – $1.90: A deeper level that would come into play on breakdown of $2.00.
- Resistance Zones:
- $2.30: Immediate resistance to watch—coincides with a prior breakdown level.
- $2.50 – $2.60: Key swing zone and mid-March resistance; breakout above this may trigger bullish continuation.
Indicators Review
- MACD (12, 26, 9):
The MACD Line (-0.0795) is below the Signal Line (-0.0649), but the gap is narrowing.
Histogram is shrinking, showing that bearish momentum is weakening.
A bullish crossover could occur in the next 1–2 days, adding to reversal potential.
- ADR (14):
The ADR is gradually decreasing, currently around 0.03–0.04, indicating reduced volatility.
This compression phase often leads to a breakout or directional push.
- Volume Profile:
Volume sits at 44.39M, relatively average but showing slight uptick on green days.
Lack of major spikes suggests cautious optimism rather than aggressive accumulation.
Next Price Action & 48-Hour Prediction
Given current structure and indicators:
- Bullish Scenario (More Likely):
- XRP holds above $2.10 and pushes toward $2.30 in the next 48 hours.
- A MACD bullish crossover could be the catalyst.
- If broken, the next target is $2.50.
- Bearish Scenario (If Support Breaks):
- A daily close below $2.00 could invalidate this bullish bias.
- Next support would be around $1.85–$1.90.
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XRP’s Rebound is on Watch
XRP is at a technical pivot point. With momentum indicators like MACD flattening and a series of higher lows forming, the odds are leaning toward a short-term bullish move. The setup favors a test of $2.30–$2.50 in the coming 48 hours—provided that the $2.00 support holds firmly.
Traders should watch for a MACD crossover and a breakout above $2.30 for confirmation of this reversal. On the flip side, a rejection below $2.00 may indicate more downside to come.
Stay sharp—XRP could be gearing up for its next breakout phase.
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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