15 Sep
15Sep

XRP is currently showing mixed but cautiously bullish signs as it navigates choppy price action. While minor gains and pullbacks are creating back-and-forth movement, technical indicators suggest that buyers are gradually gaining control.

Trend and Momentum

On the daily chart, XRP is holding above its short-term moving averages, with the 9-day and 20-day exponential moving averages trending upwards. This indicates a resilient short-term uptrend. Momentum is also leaning bullish, as the MACD has moved into positive territory. The Relative Strength Index (RSI) is in the mid-50s, which suggests there is room for a fresh rally without the asset being overbought.

Key Levels and Liquidity

  • Resistance: The nearest resistance level is at $3.1276. Overcoming this could pave the way for a move toward $3.2922 and $3.3197.
  • Support: Immediate support is at $3.0223, with stronger defense at $3.0000, where a significant wall of buy orders exists. If this support is broken, the price could quickly drop to $2.8519 and $2.7695.

Trading Outlook

The order book reveals strong buyer interest around the $3.0000 mark. However, heavy sell walls are present at $3.0553, $3.1020, and $3.1200.

  • For Bullish Traders: A confirmed breakout above $3.1020 and sustained momentum past $3.1276 could be a potential entry point, with targets in the mid-$3.20s.
  • For Bearish Traders: A failure to hold above $3.0223, especially if the $3.0000 support is lost, could trigger a short setup with a potential drop to $2.9800 or lower.

In conclusion, while the overall technical picture is cautiously bullish, XRP needs strong trading volume to break through the overhead selling pressure. The $3.10 zone is a critical level to watch, as it will likely determine the next major price move.

September 2025, Cryptoniteuae

Comments
* The email will not be published on the website.