The cryptocurrency market has been fairly active in recent times, but the price of XRP has not changed as much as other parts – at least for the moment. However, XRP is known for quick and unexpected movements and it is stable at a significant level of support on the daily graphic. At the time of writing this document, XRP is negotiated at $ 2.45.
XRP recently showed signs of strength. Last week, he experienced a little withdrawal and a lateral movement due to a downward divergence. But now, the RSI indicator rises, which suggests that this weakness could be finished – especially while bitcoin and other altcoins bounce.
Currently, XRP holds in a price range between $ 1.57 (lower April) and $ 3.40 (recent high). The price has not yet shown a clear break in both directions. Analysts suggest that this range could turn into a triangle model or other training over time.
Short -term XRP analysis
Within the shorter period, XRP is negotiated between $ 2.15 and $ 2.31 as a medium, and $ 2.48 to $ 2.61 in resistance. The price is currently traveling laterally in this range, and the traders ensure a possible escape greater than $ 2.62. If this happens, it could be the first sign of a greater gathering in advance.
As long as XRP is above its recent last Monday, the short-term trend remains positive. There is a chance that we can see a quick jump to the area from $ 3.30 to $ 3.40, especially if the bitcoin and the wider market continue to take momentum.
What to keep an eye on
If XRP exceeds $ 2.31, then $ 2.28, it might suggest that the last short -term rally is finished and that the price could drop to the region from $ 1.79 to $ 2.60 before finding new support.
Overall, even if XRP is currently traveling in a tight range, the situation as a whole remains optimistic – without a major sign of a long -term format which for the moment was formed.
