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.
XRP/USD 4-hours chart - TradingView
XRP Price Prediction: Buy Now or Wait?
Different traders have different styles and different strategies. However, the below facts are relevant for all setups:
- Short-Term Traders: Not ideal to jump in immediately. The RSI is cooling off, and price action shows signs of local exhaustion. If you’re a scalper, wait for a potential bounce confirmation above $3.42, or enter on a reclaim of $3.52 with a stop just below $3.42.
- Swing Traders: A better entry would be near the $3.00 zone if price retraces further. That level marks strong historical support and would offer a better risk-reward ratio.
- Long-Term Investors: This dip could be an early entry opportunity if your conviction is strong, but laddering in slowly is advised. Market remains bullish as long as $3.00 holds.
- Upside Targets: First resistance: $3.61. Break above that could lead to $4.00 and potentially $4.25 in the next bullish wave.
- Downside Risks: Breakdown below $3.42 opens room for $3.00 retest. Extended correction may drag XRP down to $2.80, then $2.50 if bearish momentum accelerates.
Final Verdict: Patience Over FOMO?
The recent pullback is not a cause for alarm but rather a natural cooldown after a steep climb. While XRP’s trend remains bullish, entering now without confirmation may carry unnecessary risk. Waiting for a bounce at $3.42 or a dip to $3.00 would be the optimal strategy.
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