XRP has experienced a period of low volatility in recent weeks, remaining below crucial resistance levels as overall market momentum slows down. Recent price action reveals a rebound from support, indicating the presence of short-term buyers, yet XRP’s price remains confined within a range that lacks definitive bullish momentum.
Examining the USDT pair, XRP is currently trading at around $2.50, still failing to surpass the combined resistance presented by the 100-day and 200-day moving averages. Following a sharp decline that reached a demand zone, XRP quickly bounced back but was unable to regain traction above the critical resistance near $2.60. The Relative Strength Index (RSI) has been relatively flat around 45, signaling weak market momentum and an absence of aggressive bullish activity. For XRP to change its trajectory, it must reclaim the moving averages and break decisively above the $2.60 to $2.75 range with significant trading volume. In this context, a dip back to the support level of approximately $2.20 may offer a more favorable risk-reward scenario for investors.
In the BTC pair, XRP continues to face challenges, trading at around 2,270 sats, well below its 100-day and 200-day moving averages. This situation suggests a long-standing accumulation or distribution phase, contingent on future price movement. The recent bounce off the 2,000 sat mark shows that buyers are still protecting this critical long-term support level. However, limited follow-through in buying activity indicates a lack of strength. With the RSI sitting at 47, indicating neutral momentum, XRP’s potential to gain ground against Bitcoin hinges on achieving a clean breakout above 2,500 sats with strong trading volume.
While the current market conditions have presented challenges for XRP, the presence of buyers at key support levels and the potential for a breakout above resistance could pave the way for a more favorable trading environment in the near future. As investors remain vigilant, they may find opportunities as the market evolves.