The price of XRP barely moved yesterday and remained at $ 2.15-2.20 trading range. We foretold that if the XRP manages to break $ 2.26 then $ 2.30-2.35 could be seen, but that didn't happen.
Let's see where the XRP prices are going today.
XRP chart review
The XRP is now trading at $ 2.183 to April 26. Looking at the 4-hour Bitstamp chart, the price moves sideways in a crowded integration pattern for many days. The 200-day transfer of average is sitting around $ 1.982 and continues to act as strong dynamic support for XRP.
Recent price action shows the price of XRP has had a climb around April 22-23 generated by a local high of more than $ 2.25. Since then, it has been stuck in a narrow trading range between $ 2.17 and $ 2.20. This pattern resembles either a bullish flag or symmetrical triangle formation, which is usually preceded in a move in either direction.
The support for the XRP can be found at $ 2.15, which comes from the previous integration area. Below this, the psychological level of $ 2.00 offers additional support, including the 200-day moving average to $ 1.98 acting as a strong level of long -term support. On the resistance side, the XRP faces immediate hurdles at $ 2.22 (the recent local top) and the $ 2.30- $ 2.35 range representing April's high points.
While the quantity is not displayed directly on the chart, the price behavior suggests a decline of volume during this integration. Reviewing this volume often occurs before a significant breakout transfer.
Technical indicators
The technical indicators show a mix -a -part but slightly optimistic picture for XRP. RSI is currently reading 54.82, showing a neutral position in the market with a slight bullish bias. It suggests that there is room for upward movement before the token is extremely overwhelming.
The MACD sits at 0.001, which signed a neutral in the partial bullish crossover zone. This indicator is almost positive but can get momentum if the pressure purchase is rising. The Commodity Channel Index (CCI) shows a reading of -86.29, suggesting mild Oversold conditions that can set up a potential bounce in price.
| Indicator | Value | Signal interpretation |
|---|---|---|
| MACD | 0.001 | Neutral – partially bullish crossover zone |
| CCI (Commodity Channel Index) | -86.29 | Calm oversold, possibly bounce of bounce |
| Ultimate Oscillator | 53.34 | Neutral to slightly bullish |
| ROC (Rate of Change) | -1.213 | Poor momentum, possibly losing steam |
| Bull/Bear Power | -0.0053 | Very neutral, slightly dominant bear |
The Ultimate Oscillator stands at 53.34, pointing to neutral or partial bullish feelings to entrepreneurs. Meanwhile, the change rate of change (ROC) reads -1.213, showing the weakening of momentum that the steam may lose. The bull/bear power indicator is almost perfect neutral to -0.0053, with very little bear dominance.
XRP price forecasts for now
For April 26, XRP can follow one of two major situations based on technical prefunction:
In the Bullish scenario, if the XRP destroys the current tight integration and is pushed above the $ 2.22 level of resistance, we will see it test $ 2.30 first as a minor resistance point. At the ongoing momentum, XRP can reach April by $ 2.35. Under particularly desirable conditions, if momentum accelerates and Bitcoin remains stable, even if the level of $ 2.50 can play.
This bullish move is likely to need the RSI to climb above 60, the MacD histogram to expand to positive territory, and the ROC to be positive during intraday trading.
In the bearish scenario, if the XRP destroys below the $ 2.15 support level with increasing volume, it can fall to test the $ 2.05 demand zone first. If the pressure sales continues, the price may decrease by the 200-day transfer of the average to $ 1.98, which should provide strong support.
With a more serious downward move, XRP can test the basic support from April 8-10 around $ 1.85. This bearish scenario can open if the CCI continues to decrease, the strength of the bear/bull becomes more negative, or if the broader market weakness affects crypto assets.
Of course, the price of XRP can be removed at $ 2.15-2.20 now increasingly considering this weekend and not much in the market today.
Also read: the XRP too big to buy? AI chooses the better stakes: XCN or XLM
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