- XRP is trading at $2.06, down 12.75% this week, with key support at $2.00 and resistance between $2.50 and $3.00.
- RSI at 39.53 nears oversold levels, while MACD hints at a potential bullish crossover if buying pressure increases.
- Daily active addresses rose to 15.1K, signaling higher network engagement, which could drive price recovery above $2.50.
On April 3, at press time, XRP was trading at $2.06, a 0.80% decline over the last 24 hours. This is a 12.75% decline over the past week and 12.24% in the last month. XRP’s market cap is $120.39 billion.
The digital asset has a 24-hour trading volume of $6.89 billion, a 68.31% surge. The fully diluted valuation (FDV) is at $206.84 billion, while the volume-to-market cap ratio is 5.72%. XRP’s circulating supply is 58.2 billion out of a maximum of 100 billion tokens.
XRP Price Action and Key Levels
XRP has seen a downtrend after reaching highs above $3.50, with the current price moving within a range of $2.00 to $2.08. The digital asset has support near $2.00, while resistance is between $2.50 and $3.00.
Recent movements show slight recovery, but volatility remains a possibility. If buyers regain control, the price could break above resistance levels. Otherwise, a continued decline could bring further losses.
Technical Indicators and Market Trends
The RSI is at 39.53, indicating XRP is approaching oversold conditions but remains above the oversold level of 30. The RSI moving average is at 45.00, showing weak momentum. Without increased buying activity, the downward trend may persist.
The MACD line is at -0.0291, while the signal line is at -0.0557. A bullish crossover is developing as the MACD line moves upward toward the signal line, suggesting potential upward momentum. However, the MACD is in negative, indicating continued market weakness unless momentum strengthens.
Trading volume for XRP is at 78.1 million, reflecting moderate market activity. If volume increases, buying pressure could rise, potentially driving a price rebound. However, declining volume may indicate lower interest from traders.
Moving Averages and Network Activity
XRP is currently trading around $2.06, while the 50-day moving average is at $2.19. This suggests the asset is holding above short-term support. The 200-day MA is at $2.06, supporting long-term bullish momentum despite the recent downtrend.
If XRP stays above key moving averages, a potential rebound could follow. Open interest in XRP futures has dropped to $1.17 billion, indicating lower speculative activity. Meanwhile, daily active addresses have increased to 15.1K, showing higher network engagement.
A rise in active addresses often precedes price movements, making this an important to monitor. If buying pressure sustains, XRP could rise to $2.50 – $2.75. However, if the digital asset loses key support levels, a drop toward $2.00 – $1.90 is possible.
