XRP currently has a market valuation of $2.435 billion and a market cap of $142 billion, surpassing tether. Its 24-hour trading volume is $4.01 billion, representing a small percentage of the overall crypto market activity. XRP is hovering between recovery and recalibration, sitting 27% below its historic peak. The 1-hour chart shows optimism as XRP rebounds from $2.31 and challenges $2.52, with the token potentially gaining ground if it maintains its current foothold. However, if it fails to breach $2.50, there is a possibility of a retreat to $2.40.
On the 4-hour chart, XRP is stabilizing between $2.3 and $2.5, with ambiguous direction as trading activity remains low. A breakout above $2.5 could lead to a climb to $2.6-2.8, while sinking below $2.3 could result in further depreciation. The daily chart shows a significant rise to $3.40 followed by a drop to $1.77, with XRP now oscillating between $2.4 and $2.6. Its fate depends on momentum, with a sustained advance beyond $2.6 potentially pushing it towards $3.00. Failure to maintain above $2.4 may indicate deeper declines.
Oscillators suggest a balanced picture, with varying levels of optimism and caution in the market. Moving averages provide conflicting signals, with shorter-term EMAs advising caution and the 10-period SMA indicating accumulation. However, longer-term EMAs and SMAs project optimism, suggesting that XRP may endure turbulence and regain momentum.
XRP's ability to hold above $2.45 and break through $2.6 with strong volume could confirm a bullish trend towards $3.00 and beyond, supported by long-term moving averages. However, if it fails to sustain above $2.4 and breaks below $2.3, selling pressure may increase, leading to a decline towards $2.00 or lower. The MACD and short-term EMAs suggest that without a decisive breakout, further downside is a strong possibility.
Liberland’s LLD token surges as the world’s first decentralized autonomous government gains traction