**XRP Technical Analysis**
XRP is currently testing the **$0.47** support level, a critical zone that has repeatedly acted as both psychological and technical support since early 2024. The price remains under bearish pressure, trading below key moving averages (50-day at **$0.52**, 200-day at **$0.55**), reflecting persistent selling interest. Volume has been subdued during recent declines, indicating a lack of strong buying momentum.
The daily RSI hovers near **38**, approaching oversold conditions but not yet signaling a reversal. The MACD remains below its signal line, though the histogram shows slight convergence, suggesting potential weakening of downward momentum. Immediate resistance lies at **$0.52** (50-day MA), with stronger resistance at **$0.55**.
Fundamentally, XRP continues to face regulatory uncertainty despite partial legal clarity, limiting bullish catalysts. A break below **$0.47** could trigger a decline toward **$0.44**, while a reclaim of **$0.52** with volume could indicate short-term stabilization. Monitor Bitcoin’s movement for broader market cues.
XRP is currently testing the **$0.47** support level, a critical zone that has repeatedly acted as both psychological and technical support since early 2024. The price remains under bearish pressure, trading below key moving averages (50-day at **$0.52**, 200-day at **$0.55**), reflecting persistent selling interest. Volume has been subdued during recent declines, indicating a lack of strong buying momentum.
The daily RSI hovers near **38**, approaching oversold conditions but not yet signaling a reversal. The MACD remains below its signal line, though the histogram shows slight convergence, suggesting potential weakening of downward momentum. Immediate resistance lies at **$0.52** (50-day MA), with stronger resistance at **$0.55**.
Fundamentally, XRP continues to face regulatory uncertainty despite partial legal clarity, limiting bullish catalysts. A break below **$0.47** could trigger a decline toward **$0.44**, while a reclaim of **$0.52** with volume could indicate short-term stabilization. Monitor Bitcoin’s movement for broader market cues.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.