- XRP price faces critical support at $2.75 where a break below could trigger further declines.
- Outflows exceeding $200M could pressure XRP’s price lower, signaling a bearish trend.
- MACD bearish crossover and neutral RSI reflect mixed momentum for XRP’s outlook.
XRP’s price movement has drawn significant attention as it navigates a critical range that could determine its next direction. Recent analysis highlights pivotal price levels and technical indicators shaping the cryptocurrency’s trajectory. While the market has shown signs of reduced volatility, XRP’s current position presents a mix of bullish and bearish possibilities.
Key Price Levels Define XRP’s Current Range
EGRAG CRYPTO identified $2.9 as a critical support level for XRP, essential for maintaining a bullish outlook on the weekly timeframe. A decisive close above $3.30 could potentially trigger a rally toward new all-time highs, possibly reaching $5.
Conversely, a break below $2.91 could signal a bearish trend, targeting lower support zones at $2.75 and $2.50. XRP is currently trading around $2.77, reflecting a 10.33% decline in the past 24 hours with a trading volume exceeding $10.71 billion.The coin is now testing $2.75 support level and if it breaks, the price could fall to $2.50.
Inflow/Outflow Dynamics Signal Potential for Price Decline
XRP outflows, particularly in late December and January, coincide with a drop in price, signaling selling pressure. Occasional inflow spikes, notably in November, temporarily lifted the price, but the overall bearish trend prevailed.
Key levels to monitor include outflows exceeding $200 million, which could pressure the price downward, and inflow spikes above $100 million, signaling potential rebounds.
Technical Indicators Signal Mixed Momentum
The Relative Strength Index (RSI) for XRP currently stands at 48.88, indicating neutral momentum with a slight tilt toward oversold conditions. This follows a recent overbought reading of 65.98, which triggered selling pressure.
Additionally, the Moving Average Convergence Divergence (MACD) shows bearish signals, with the MACD line crossing below the signal line. Weakening histogram bars further suggest declining upward momentum.