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XRP Tightens Near $1.33 as Market Builds Pressure Between Key Support and Resistance Levels

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • XRP remains in a tight consolidation range near $1.33 with reduced volatility and declining trading volume in sessions.
  • MACD shows a bullish crossover with the histogram turning positive, though the overall trend remains below the zero line.
  • RSI stays below 50 at mid-40 levels, signaling weak momentum and a continued market indecision phase.
  • Price action stays between $1.30 support and $1.50 resistance as traders wait for breakout confirmation signals.

XRP continues to trade within a tight range after months of decline, with recent data showing early signs of stabilization.

Market participants are closely watching resistance and support levels, as technical indicators signal a potential directional move.

XRP Consolidates After Downtrend as Key Levels Come Into Focus

XRP price action shows a clear shift from a prolonged decline into a consolidation phase. From November through early February, the asset recorded consistently lower highs and lower lows. A sharp drop in early February pushed prices toward the $1.20–$1.25 range.

Since that move, XRP has stabilized and now trades between defined levels. Immediate support sits near $1.30–$1.32, while resistance is seen between $1.45 and $1.50. At the time of analysis, XRP trades at $1.33168, reflecting a daily decline of 1.74%.

The narrowing price range suggests reduced volatility. Candles have become tighter, indicating a pause in aggressive selling.

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Volume has also declined during this phase, pointing to reduced market participation. Traders often associate such conditions with a buildup before a larger move.

A recent post by analyst Ali Charts adds a broader perspective. The analyst notes that XRP has remained within a nine-year ascending triangle on the monthly chart. According to the post, repeated rejections at resistance have followed a consistent pattern since 2017.

The same analysis points to a potential retest of macro support between $0.75 and $0.80. This zone is described as a key level to watch if broader weakness returns. The long-term structure remains intact unless that rising trendline is broken.

Momentum Indicators Show Early Recovery but No Clear Trend Yet

Momentum indicators present a mixed picture, reflecting the ongoing consolidation. The Moving Average Convergence Divergence (MACD) shows early signs of recovery. The MACD line has crossed above the signal line, with a reading of -0.01580 against -0.01996.

The histogram has turned slightly positive at 0.00416. This shift indicates a mild increase in bullish momentum. However, both lines remain below the zero mark, which keeps the broader trend in a neutral to bearish zone.

At the same time, the Relative Strength Index (RSI) remains below the midpoint. Current readings show RSI at 43.98, with its moving average at 43.26. This level reflects weak momentum and no clear dominance by buyers or sellers.

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The RSI has recovered from oversold conditions seen during February’s decline. Still, it remains below 50, suggesting that bullish strength has not fully developed. The indicator is flattening, which aligns with the ongoing sideways movement.

Market structure now depends on a breakout from the current range. A move above $1.45–$1.50 could open the path toward $1.60 and $1.70. Such a move would likely require stronger volume and confirmation from momentum indicators.

On the downside, a break below $1.30 could lead to a retest of $1.20–$1.25. If that level fails, attention may shift to lower support zones. For now, XRP continues to trade within a defined range as the market waits for clearer direction.

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Crypto World

Bitcoin Down, Oil Up Amid US Strait of Hormuz Blockade

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Bitcoin Down, Oil Up Amid US Strait of Hormuz Blockade

US President Donald Trump said Iran did not want to compromise its nuclear weapons program, stating it was the only issue that “really mattered.”

Bitcoin fell as low as $70,623 on Sunday after the US announced a blockade of the Strait of Hormuz following failed peace talks with Iran.

The price of Bitcoin (BTC) initially fell 1.9% to $71,686 after US President Donald Trump confirmed the blockade in a post to Truth Social on Sunday, adding that peace talks collapsed because Iran refused to end its nuclear program — the only issue that “really mattered.”

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Bitcoin dipped further to $70,623 as the US futures markets opened late on Sunday, with oil shooting up 9.5% to $105 per barrel within half an hour of the market open, with Bitcoin down 2.7% over the day at the time of writing. 

The US-Iran dispute over control of the Strait of Hormuz — which handles one-fifth of global oil trade — has caused significant disruption in the financial markets over the past six weeks, particularly in oil markets, which have experienced their highest volatility since Russia invaded Ukraine in early 2022.

Oil’s change in price over the last month. Source: TradingView

In addition to the ceasefire announced on Tuesday, Iran wanted the US to pay for war reparations and to unfreeze blocked Iranian financial assets. 

Trump didn’t directly address those requests in the Truth Social post, instead blaming the fallout on Iran’s reluctance to end its nuclear weapons program.

Related: Paying Iran in crypto could put shippers at sanctions risk: Chainalysis

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He also labeled Iran’s use of mines on the waterway and demands for tolls as “world extortion,” ordering the US Navy to block any vessels that paid Iran and to destroy the mines.

Bitcoin up since the US-Iran war began

Despite the conflict, Bitcoin has risen about 7.4% to $71,194 since the US-Iran conflict started on Feb. 28, when a US airstrike killed Iran Supreme Leader Ayatollah Ali Khamenei.

Bitcoin has still managed to outperform the S&P 500 and gold since the US-Iran war started, though, clawing back some lost ground from October when Bitcoin hit a high of $126,080.

Magazine: Should users be allowed to bet on war and death in prediction markets?

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