XRP is taking a bull breather a day after Donald Trump sounded plans for a strategic token reserve alongside bitcoin (BTC), ether (ETH), cardano (ADA) and solana (SOL).
The payments-focused cryptocurrency rallied 25% inside hours of Trump’s Reality Social submit, reaching $3, however has since pulled again to $2.6 at press time. Costs have pulled again to the descending trendline from Jan. 16 highs.
Amongst technical indicators, the relative energy index (RSI), which measures if worth is shifting too quick, rose to 70 late Sunday and has retraced to 48 from above-70 or overbought readings noticed late Sunday, signaling potential for a renewed transfer greater.
Nonetheless, costs stay beneath the 50-hour SMA ($2.65), signaling weak point, whereas the broader 200-hour SMA ($2.50) helps that continues to be intact.
The Transferring Common Convergence Divergence hourly chart exhibits momentum shifts—its line crossing beneath the sign at $3 (now beneath zero) confirms a bearish flip after the rally.
Key ranges
The 20-hour Bollinger Bands, which outline a worth vary, present $2.9 because the higher restrict and $2.4 because the decrease, and with costs at $2.6 within the center, it signifies lowered volatility after the sooner spike.
The rally to $3 exhausted shopping for strain with RSI at 70 and a MACD crossover, supporting a pullback. The breach of the 50-hour SMA displays short-term bearish management, however the 200-hour SMA at $2.5 is essential help.
Present worth ($2.62) is at a pivot: a break beneath $2.50 dangers additional declines, whereas a transfer above $2.65 may goal the $3 degree and above. Momentum favors bears short-term, and speculators may watch quantity and a decisive transfer for additional positioning.
