CryptoSignals News
Join our Telegram

XRP (XRP/USDT) Faces Critical Resistance After Bullish Surge

Estimated Reading Time: 3 minutes

Article Rating:
Based on 1 vote
Login to rate this article.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

XRP (XRP/USDT) Faces Critical Resistance After Bullish Surge

In the past 24h, XRP against Tether has had a 6.27% decline in value. The fall matches with the 14.57% weekly drop, reflecting the market-wide risk aversion and technical breakdown with accelerating bearish momentum as $1.37 billion in crypto liquidation (90% long position) increases selling pressure.

As it stands, the pair is still fluctuating within the Bollinger bands, showing there was an initial rise before encountering a sharp decline, as the Stochastic RSI indicates more dip to come.

Currently, XRP trades at $2.2731, recording more than 126 million volumes on the daily chart.

XRP (XRP/USDT) Faces Critical Resistance After Bullish Surge
XRPUSDT-Daily Chart

Technical Indicators

Major Resistance Levels: $2.4342, $2.6872, and $2.8000

Major Support Levels: $2.2600, $2.2580, and $2.1000

Technical Analysis

Technically, XRP against Tether has been bearish for a while; the price of the pair appears to be heading to the lower band on the daily timeframe. This indicates the height of sell pressure in the market as the market fails to sustain the momentum around $2.70 in the previous session.

Meanwhile, it seems sentiment may shift soon as the Stochastic RSI projects into the deep oversold position. This suggests a bounce to the north may be recorded soon if the bulls rekindle their interest; otherwise, a fall below the current support may drive the price towards $2.1000 in the coming session.

As it stands, @Altcryptogems has opined that XRP appears to be struggling, confirming the formation of a lower high around $2.70. The analyst raises concerns of an impending move to a lower support level if the bulls fail to reclaim the $2.70 level.

XRP/USDT Analysis: Buyers Struggling as Sellers Dominate

On the 4-hour timeframe, XRP/USDT appears to be ending its downtrend amid expanding Bollinger Bands. However, the momentum oscillator suggests there might be a bounce soon, as the lines point to the north from the oversold region.

As it stands, the bulls need to reclaim the $2.3000 zone to show intention; otherwise, if bearish dominance extends beyond the current position, a move towards $2.6000 may suggest a continued downtrend.

XRP (XRP/USDT) Faces Critical Resistance After Bullish Surge
XRPUSDT-4H Chart

 

You can purchase crypto coins here. Buy Crypto

Recent News

April 28, 2023

Terra Classic Community Proposes Reviving Doomed Stablecoin

The collapse of blockchain platform Terra and its stablecoin TerraUSD Classic (USTC) in May 2022 was a stark reminder of the fact that the crypto market is a volatility hotbed where fortunes can be lost in a matter of hours. However, almost a year later, the Terra Classic community is considering b...
Read More
August 08, 2025

Dogecoin (DOGE/USD) May Enter Consolidation Phase Around $0.23

In July, the Dogecoin market embarked on a strong bullish rally, climbing from approximately $0.17 to test the $0.30 level. This surge was fueled by a wave of positive sentiment, driving significant buying interest. However, the rapid price ascent left the bulls exposed near the $0.30 mark, where s...
Read More
October 19, 2024

Axelar (AXL/USD) Targets $0.90: Breakout or Reversal Ahead?

The Axelar (AXL) market, which had been trending in favor of bearish traders, found a key support level around $0.40 in early August. Despite lingering bearish sentiment that caused the market to consolidate around $0.50, bullish momentum eventually pushed the price upward. Bears briefly reasserted...
Read More

Join Our Free Telegram Group

We send 3 VIP signals a week in our free Telegram group, each signal comes with a full technical analysis on why we are taking the trade and how to place it through your broker.

Get a taste of what the VIP group is like by joining now for FREE!

arrow Join our free telegram