📈 XRP is showing bullish signs after breaking its descending trendline. Since mid-April, it’s been setting higher highs and lows, with the OBV confirming steady demand. Momentum remains bullish with moving averages acting as dynamic support.
⚠️ However, the MACD is nearing a bearish crossover above zero, hinting at a possible slowdown. XRP is currently stuck between $2.30 and $2.44, forming a short-term range. Mid-range support at $2.37 has held firm, while $2.47 and $2.70 remain key resistance zones.
📉 Despite a neutral MVRV and elevated NVT score, suggesting weak network utility, Bitcoin’s surge above $104.8K could pull XRP higher. Low volume indicates traders are waiting for a breakout before taking positions.
💥 A strong BTC rally may trigger short liquidations at $2.46, potentially pushing XRP beyond its range. Still, if $2.37 fails, $2.26 is the next magnetic support level.
📊 For now, XRP looks more likely to move north, but traders should stay alert for either breakout or breakdown.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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