The price of XRP remained stable yesterday, walking around the $ 2.16- $ 2.17 zone without any major breakout or damage. We guessed yesterday that if the XRP cleared the $ 2.22 resistance, it could be pushed towards $ 2.30- $ 2.35, but that breakout didn't happen.
Let's see where the XRP price can go now.
XRP chart review
The XRP is now trading at $ 2.1697 to April 27. Looking at the 4H chart, the price continues to move in flat integration patterns. The rising trendline generated since mid-April is still intact and acting as dynamic support, with a stronger horizontal support found between $ 2.00 and $ 2.05.
Recent price action shows XRP forming higher lows, creating a slow compression between rising support and horizontal resistance to $ 2.20- $ 2.22. This setup resembles an ascending triangle, which is often preceded by a bullish breakout if the volume rises.
The support for the XRP can be seen at $ 2.10, with a stronger base in the $ 2.00- $ 2.05 zone. If the sale of pressure has increased, the main support from earlier this month will sit at $ 1.80- $ 1.85. On the side of the resistance, the price of XRP faces immediate barriers to $ 2.22. If that level is damaged, the path can open to $ 2.30 and $ 2.35.
The volume appears to be decreasing slightly based on price movement, which often suggests a larger move is brewing.
Technical indicators
Technical indicators paint a careful picture for XRP. The RSI is at 46.71, which shows a neutral but slightly bearing on the market. It leaves the room for both upward and downward moving.
Read by MACD -0.005, which signed a gentle bearish momentum without strong pressure downside. The Commodity Channel Index (CCI) stands at -135.4883, suggesting strong sale pressure and mild conditions of oversold that can lead to a short -term bounce.
| Indicator | Value | Signal interpretation |
| MACD | -0.005 | Mild bearish crossover zone |
| CCI (Commodity Channel Index) | -135.4883 | Strong pressure sales, oversold conditions |
| Ultimate Oscillator | 37.669 | Bearish momentum present |
| ROC (Rate of Change) | -0.968 | Poor momentum, slight downward pressure |
| Bull/Bear Power | -0.0192 | Slight dominance |
The Ultimate Oscillator sits at 37.669, adopting a bearish tilt to entrepreneurs. The change rate (ROC) is negative at -0.968, which shows a slight decline in price, and the bull/bear strength sits at -0.0192, favors sellers, even when not strong.
XRP price forecasts for now
For April 27, XRP can re -follow two possible paths based on current technical prefunction:
In the bullish scenario, if the price of XRP is in charge of break Resistance of $ 2.22 with increasing volume, it can target $ 2.30 first as an initial immunity. By continuing to buy momentum and broader market support, XRP can visit the $ 2.35 level again. Under perfect conditions, and if bitcoin remains stable, a push towards $ 2.50 can be seen.
In the Bearish scenario, if XRP loses the support level of $ 2.15, the price may fall towards the $ 2.05 zone. An additional damage could bring XRP to test the $ 2.00 area or even the main support level at $ 1.85 if greater market weakness continues.
Due to the ongoing weekend environment with the average lower trading activity, the XRP price can continue to trade between $ 2.15 and $ 2.20 unless a catalyst has emerged to embrace a breakout in either direction.
Also Read: Stellar (XLM) confirmed price breakout: Here's the next big target
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