Crypto Market News
07/22 10:28
XRP Price Prediction: Is Now the Right Time to Buy
XRP Price Prediction: Is Now the Right Time to Buy XRP After the Dip?
XRP Price Adjusts Lower After Strong Rally
XRP has seen a healthy retracement, dropping -2.6% in the past 24 hours to trade around $3.45, following a powerful +22% rally over the past week. This price action resembles a typical short-term correction after a strong bullish leg, as seen in the 4H chart.
Technical Analysis for XRP Coin: Support, Resistance, and Indicators
- Key Resistance: $3.61 — This is the recent local high and a critical resistance level. Price rejected this zone twice, forming a double top pattern on the 4H timeframe.
- Immediate Support: $3.48 (21-EMA) and $3.42 — XRP is currently testing this zone.
- Stronger Support: $3.00 — a psychological level and previous breakout zone.
- MA Crossover: The 9-EMA (orange) remains above the 21-EMA (green), but the gap is narrowing — signaling weakening momentum.
- RSI: RSI (14) is at 62.35, cooling off from overbought territory, suggesting consolidation rather than a full reversal for now.
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