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Track XRP price: Daily volatility sets the stage for a bullish trend.
XRP is trading at $2.13 with a market capitalization of $124 billion and a global trading volume of $3.65 billion in the last 24 hours. Over the past 24 hours, its price has fluctuated between $2.01 and $2.16, reflecting moderate volatility as technical indicators point to a cautious yet constructive outlook. On the 1-hour chart, XRP is exhibiting a consistent short-term uptrend, characterized by the formation of higher highs and higher lows. The price peaked at $2.186 before undergoing a slight pullback, which does not disrupt the broader bullish structure. The volume surged during the breakout phase but has since gradually declined, a signal that the recent price increase may be pausing for consolidation. Immediate support is currently found near $2.12, and holding this level suggests the continuation of the bullish move. A breakout above $2.18 could trigger a retest of recent highs, while failing to maintain above $2.10 would invalidate the short-term bullish setup.
The 4-hour chart reinforces this bullish sentiment, starting with the decisive reversal from the $1.61 level observed on April 7. This volatility peaked with a strong bullish candle reaching $2.186 on April 10. Since then, XRP has entered a consolidation phase with minor pullbacks, remaining constructive as long as the volume patterns continue to favor buyers. Support is currently set at around $2.05, with resistance in the range of $2.18–$2.19. Technical traders may look for entries when it drops to $2.05 or breaks above $2.19, while maintaining tight risk management below the $2.00 level. The price target in the range of $2.25–$2.30 remains achievable if the upward momentum is maintained.
The daily chart shows a broader recovery story after a significant drop from $2.59 to $1.613. A distinct recovery has taken place since then, supported by a spike in volume often associated with capitulation and trend reversal. Several daily green candles confirm the short-term bullish trend, although the resistance at $2.20 remains a major hurdle. The $1.61 area has now become a confirmed support zone. Traders positioning for a longer-term bullish move may look for a sustainable close above $2.00, with profit targets near $2.20–$2.50 if bullish sentiment accelerates further.
The oscillators present a largely neutral picture, reflecting a market that is searching for clear directional signals. The Relative Strength Index (RSI) is at 48.99835, while the Stochastic Oscillator records 65.26581—both are in the neutral zone. The Commodity Channel Index (CCI) is slightly negative at −9.42613 and the Average Directional Index (ADX) is at 24.28291, indicating that the trend is not yet strong. Meanwhile, the excellent oscillation slightly negative at -0.22969 reinforces the view of a non-decisive momentum phase. Only the momentum indicator at 0.09688 and the moving average convergence divergence (MACD) at -0.08979 provide a buy signal, indicating initial signs of bullish intent in the context of overall balance. A mixed picture emerges from the moving averages (MA), including short-term bullishness to long-term caution. The exponential moving average (EMA) and the simple moving average (SMA) over 10 and 20 periods are flashing divergence signals: EMA (10) at $2.03672 and SMA (10) at $2.01083 both indicate a buy signal, while SMA (20) at $2.12108 signals a sell. Further, the EMA (30) at $2.16046 and the SMA (30) at $2.20844 both indicate selling pressure, as reflected by the EMA (50) at $2.24290 and the SMA (50) at $2.26242. However, on the 200-period horizon, both the EMA at $1.95077 and the SMA at $1.88109 signal buying, implying a solid long-term foundation despite medium-term volatility.
Bull's opinion: XRP remains technically promising for multiple time frames, with the rally sustained by higher lows and strategic support near $2.00. Short-term and long-term moving averages, combined with buy signals from the momentum indicator and (MACD) moving average convergence divergence, indicate the potential for further progress towards $2.25 and beyond. If volume returns on a breakout above $2.20, XRP could retest the $2.50 level in the near term. Bear's opinion: Despite recent gains, XRP faces obstacles from mixed signals among the main oscillators and a group of sell signals on medium-term moving averages, particularly between the 20 and 100 period marks. Failing to hold above $2.10 will weaken bullish setups, potentially leading to a pullback to the psychological level of $2.00 or even a retest of $1.90 if selling pressure increases significantly. Without a decisive break above $2.20, the current bullish phase is at risk of stalling.