- XRP’s RSI divergence signals potential rebound, but confirmation needs RSI above 50 and volume increase.
- MACD histogram remains negative, indicating bearish momentum still dominates short-term price action.
- Strong support at $2.20 and resistance at $2.50 continue to define XRP’s current trading range.
XRP’s price remains under pressure, but recent technical levels suggest a potential shift may be approaching. On May 28, XRP was trading at $2.29, staying within a narrow range after a brief rally earlier in May.
The current price action is part of a short term cool-off phase. However, market analysts have started noting early indications of a shift in momentum. Particularly, XRP’s 6-hour RSI is showing a mild divergence.
While the price has struggled to climb, the RSI has begun forming higher lows. This often precedes temporary recoveries, though it does not confirm a full trend reversal.
Price Range Narrows as Market Volume Stalls
XRP has been trading between $2.20 and $2.50 since the second week of May. Multiple failed attempts to break $2.50 emphasize this as a strong resistance. On the other hand, $2.20 has proven to be solid support, repeatedly halting price declines.
The broader market, including equities and crypto, has also begun to stabilize, which may provide near-term support. However, trading volume is flat, around 16.54 million. This lack of substantial buying or selling pressure suggests a standstill in market conviction.
Momentum Indicators Show Mixed Sentiment
The 14-period RSI is now at 47.08, having fallen from a peak near 62.15. This places XRP in a neutral to mildly bearish zone. Typically, RSI values below 50 suggest declining bullish strength. The MACD also aligns with this reading.
XRP/USDT 1- day price chart, Source: TradingView
The MACD line is at 0.0126, while the signal line is higher at 0.0332. The histogram has a negative value of -0.0206, indicating downward momentum is still in place. This crossover suggests that bearish conditions could persist unless volume rises or RSI improves.
Potential Scenarios Based on Current Setup
Given current market levels, XRP could lean in either direction. If bearish momentum deepens, the price may fall toward $2.20 or even touch $2.15. This would align with the RSI below 50 and the MACD histogram trending negative.
On the contrary, a rebound from the current range could take XRP as high as $2.40. For this to happen, bullish volume must increase and RSI would need to climb above 50 again.
XRP remains trapped within a well defined range, with momentum indicators offering mixed but important signals. RSI patterns hint at a possible recovery, while MACD suggests ongoing weakness. How XRP responds near these levels could shape its next price move.
