XRP experienced a sharp rally into the $3.30 resistance zone before closing the daily session with an indecisive candlestick. Technical analyst Cryptowzrd noted that the daily candle failed to close decisively above the key level, reflecting hesitation among buyers. Despite this, XRP’s price action on the BTC pair remains constructive, holding above the 0.0028750 BTC threshold—a sign that bulls maintain a presence in cross-asset momentum. The indecisive close suggests that consolidation may ensue as market participants digest the recent gains.
In depth, the RSI on the daily chart has entered overbought territory, rising above 70 during the rally. The subsequent pullback and failure to extend gains indicate a loss of short-term momentum. However, on lower timeframes, intraday volatility remains elevated, with trading ranges oscillating between $3.20 and $3.30. Cryptowzrd highlighted that a successful retest of $3.23 as support, followed by a bullish reversal, could pave the way for another leg higher toward the next resistance at $3.65. Conversely, a break below $2.80 would invalidate the bullish structure and open the door for a deeper correction toward $2.50.
The XRP/BTC pair analysis underscores similar dynamics. After tapping resistance near 3,200 SAT, the pair retraced to test support around 2,700 SAT. Sustaining that level is critical; a bounce could reignite bullish pressure, targeting 3,000 SAT and beyond. Failures at the BTC pair’s support zone could result in a move back to 2,400 SAT or lower. Trading volumes during the rally were notably higher than the average 24-hour range, indicating institutional interest. On balance, XRP’s technical setup remains intact as long as it holds the identified support levels.
Market sentiment surveys show indecision among retail traders, with Fear & Greed Index readings dipping after the surge. Order book data across major exchanges reveals significant sell walls near $3.30, representing profit-taking pressure. Meanwhile, on-chain metrics indicate that large holders remain net accretors, reducing the likelihood of a major sell-off. Short interest on derivatives platforms has declined, suggesting fewer bearish bets against XRP. Overall, the interplay of on-chain accumulation and centralized exchange liquidity will determine the next directional move.
Looking ahead, traders should monitor macro factors, including U.S. dollar strength and Bitcoin’s broader trend, which historically correlates with XRP’s performance. Any shifts in regulatory news—particularly concerning SEC settlement talks with Ripple—could catalyse abrupt price swings. As markets settle into this range, technical traders will watch for a break and close above $3.30 to validate renewed upside momentum or a decisive drop below $2.80 to signal a corrective phase. Patience and strict risk management will be key as XRP navigates this critical juncture in its recovery cycle.
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