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XRP swaggered into the crypto spotlight today, trading at prices between $2.195 and $2.216, marking a sharp 6.7% uptick. With a market capitalization of $132 billion, it’s comfortably lounging in fourth place today, just beneath tether ( USDT). Over the past 24 hours, XRP has danced within a price band of $2.03 to $2.20, racking up a trading volume of $5.12 billion.
XRP Chart Outlook
XRP’s daily chart signals a possible end of its downward waltz from $2.70 to $1.83, followed by a textbook bullish engulfing candle that practically shouted, “Reversal incoming!” This move was backed by robust volume, hinting at institutional interest that’s hard to ignore.
With support double-tested at $1.83 and resistance lurking near the $2.30 to $2.40 zone, the bulls seem to be whispering sweet nothings to this once-lagging asset. A break of the lower-high structure indicates a notable shift in sentiment, suggesting that traders might be eyeing the $2.35 to $2.45 region—provided the momentum doesn’t ghost them.
The 4-hour chart reads like a crypto fairy tale comeback, with a V-shaped recovery lifting XRP from the $1.83 floor. Price action has sliced through resistance zones like warm butter, now flirting with the $2.20 level. A rounded bottom formation is taking shape, and with higher lows stacking up, this chart is screaming structure. Volume is marching in lockstep with price gains, further reinforcing the bullish narrative. Should XRP revisit the $2.10 to $2.15 zone, eyes will be on whether it can boomerang toward the $2.30 to $2.35 ceiling.
On the 1-hour chart, XRP snapped out of its sideways slumber with a decisive breakout at $2.20, powered by a volume surge that could wake the dead. Prior range-bound behavior gave way to bullish momentum, making this an ideal playground for short-term scalpers. The move shattered horizontal resistance and set the stage for micro-level retracements. Traders peering into the $2.15 to $2.18 range might find this ripe for opportunistic plays—provided they keep their stops tidy below $2.10.
Turning to the indicators, the oscillators are doing their best poker face impressions. The relative strength index (RSI), stochastic oscillator, average directional index (ADX), awesome oscillator, and commodity channel index (CCI) are all playing it coy in neutral territory. Momentum shows a slight lean to the upside, while the moving average convergence divergence (MACD) remains tilted south. It’s a classic case of mixed signals: the trend is flexing, but the indicators are still sipping coffee.
The moving averages, meanwhile, are grumbling about catching up. Both the exponential moving average (EMA) and simple moving average (SMA) across the 10-period timeframe are flashing green, reflecting today’s sharp price ascent. However, as we stretch to the 20-, 30-, 50-, 100-, and 200-period frames, every single EMA and SMA is stuck in bearish territory. This divergence between short-term heat and long-term chill suggests that while XRP might be throwing a short-term party, the long-term invite list is still being debated.
Bull Verdict:
Momentum has found its muse, and XRP is the beneficiary. With a bullish engulfing candle on the daily chart, support holding at $1.83, and volume pouring in like crypto traders on a green candle, the structure suggests the tide is turning. Should price sustain above $2.10 and breach the $2.30 zone, a renewed trend could carry XRP into higher territory before the bears even wake up.
Bear Verdict:
Despite today’s fireworks, XRP still has skeletons in its chart closet. Every major moving average from the 20-period onward is signaling continued overhead pressure, and the moving average convergence divergence (MACD) hasn’t joined the bullish bandwagon yet. If momentum stalls and XRP slips below $2.10, it could revisit the $1.95 support—reminding the market that dead cats can bounce, but they don’t fly.
FAQ ❓
- What is XRP’s current price? XRP is trading at $2.19, up 6.7% today.
- Where does XRP rank in market cap? XRP is in fourth place with a $132 billion market cap, just below tether ( USDT).
- What is XRP’s recent trading volume? XRP recorded $5.12 billion in 24-hour trading volume.
- What is XRP’s price range today? XRP has ranged between $2.03 and $2.19 in the past 24 hours.