XRP stabilizes near the top of its recent beach and shows signs of bullish pressure as volatility shrinks.
With solid support supported by a volume at $ 2.14 at $ 2.15 and multiple resistance tests at $ 2.18, the active seems wrapped in an ascending channel, preparing the ground for a possible escape.
New context
- Conflicts of the Middle East have sparked a feeling of renewed risk on the markets, arousing liquidations through the crypto. While the best assets like Cardano and Solana posted more than 1% drops, XRP has managed to hold the ground – forming higher stockings and with a new commercial band in the area from 2.14 to $ 2.18.
- This resilience occurs while the federal reserve is preparing to announce its next interest rate decision. With increasingly fragmented global economic policy, cryptographic traders are preparing for net movements through digital assets.
- Despite wider caution, the recent XRP behavior suggests an underlying resistance, with technical compression pointing towards a potential rupture configuration.
- The long -term XRP structure remains to the point. After almost 200 days of variation between $ 1.90 and $ 2.90, the token tests the upper end of a channel descending on the USDT pair, with macro-resistance almost $ 2.60.
- Analysts continue to determine whether this structure reflects the prices configuration of XRP 2017 – a consolidation which preceded an escape of 1,300%.
- Meanwhile, investors’ behavior changes. Glassnode data shows the increase in for -profit activity on average $ 68.8 million per day, even if narrow Bollinger bands – a classic sign of volatility.
Action
XRP exchanged in a range of 3.81% of $ 2,143 to $ 2,182 over 24 hours, with support for the strong purchase pressure defense to $ 2,143 during 07:00, where the volume increased to almost 50 million units. The resistance was tested several times at $ 2,179 to $ 2,182 throughout the day, but held firm.
During the time of final negotiation, XRP went from a local summit of $ 2,181 to $ 2,167, a 0.7% drop which formed a new short -term channel. The volume increased to 1.7 million, the support at $ 2,170 was violated, but the prices were quickly stabilized and formed a lower low, preserving the structure wider.
Summary of technical analysis
- XRP displayed a range of 3.81% 24 hours a day, from $ 2,143 to $ 2,182.
- Support held from $ 2,143 to $ 2,147 with heavy volume during early session.
- Resistance tested at $ 2,179 at $ 2,182 several times, forming a clear upper limit.
- Price action seems to form an ascending channel with higher intact stockings.
- The sale at the end of the session sparked a volume peak of 1.7 million to $ 2.170, but the price was returned to $ 2,167.
- Descending micro-channel formed in the last hour; The wider trend remains optimistic if a support of $ 2.14 is valid.
- Bollinger’s bands are tightening; RSI neutral at 52 suggests volatility pending.
