- XRP trades at $2.12 with mild gains; RSI at 50.47 and MACD crossover suggest early bullish sentiment but lack volume confirmation.
- XRP faces resistance at $2.25–$2.50, support at $2.00–$1.85; consolidation may precede a breakout if volume exceeds 60M.
- 50D MA flattens below 200D MA at $2.22; open interest drops to $1.32B, suggesting cautious sentiment with potential trend reversal.
XRP’s price is relatively steady today, trading at $2.12 at press time. This is a 2.84% rise in the last 24 hours. However, the digital asset had no significant change over the past week and is still down by 11.47% over the past month.
XRP’s market cap is up by 2.79% to $124.16 billion, while daily trading volume surged by 69.43% to $2.32 billion. Its fully diluted value is at $212.62 billion, with a circulating supply of 58.39 billion XRP out of a maximum supply of 100 billion. The volume to market cap ratio is at 1.87%, suggesting modest liquidity activity.
RSI and MACD Indicate Mild Bullish Shift
Momentum indicators suggest a slow but visible shift in sentiment. The RSI has recovered from near 30 to 50.47. This places it above its moving average at 46.06, indicating strengthening buyer interest.
Additionally, the MACD shows a bullish crossover. The MACD line is up to 0.0194, above the signal line at -0.0330. The positive histogram at 0.0524 supports this move. These indicators suggest early bullish momentum, though caution remains due to limited trading volume.
Key Levels and Market Behavior Around $2.00
Recent market behavior shows XRP’s stabilization around the psychological $2.00 level. After its decline from $3.50 in March, the asset is attempting to base around this region. Resistance is firm at $2.25 and $2.50, while support levels are seen at $2.00 and $1.85.
Despite minor rallies, volume has yet to break above the key 60 million mark needed to confirm bullish intent. The price pattern shows a pattern of consolidation with limited volatility. This setup often precedes breakout moves, though direction depends on upcoming volume trends.
Moving Averages and Open Interest
The 50 day moving average is still below the 200 day MA, indicating pressure. However, the 50 day MA has started to flatten and curve upward, suggesting potential for change. The 200 day MA is at $2.22 and remains a dynamic resistance level.
Open interest data shows a drop from $3.5 billion in December to $1.32 billion. This flattening trend shows trader hesitation, with the market awaiting decisive signals. If XRP rises above $2.22, it may test $2.35–$2.40. However, falling below $2.10 could bring a retest of $1.95–$2.00.
