XRP Holds Above Key Gap Zone After Dropping Below 21 EMA

News, Trending

  • The futures chart highlights a critical gap between $114,440 and $115,555, with price nearing the lower end.
  • XRP dropped under its 21 EMA on the 12-hour chart, increasing the chance of a wick into the CME gap zone.
  • A sharp decline in trading volume signals lower participation, often preceding volatility near technical support.

XRP continues to trade just above a critical CME gap zone, with recent price action suggesting an imminent fill. The asset oscillated under the 21-period Exponential Moving Average (EMA) during the past 12 hours, a possible precursor to short-term profits taking.

At the current moment, during the last session, the price of XRP is $3.08, which demonstrates a 1.43 percent daily growth. However, this advance comes amid declining momentum and a visible gap between $114,440 and $115,555 on the CME futures chart, now drawing heightened market attention.

XRP Futures Hover Above Unfilled CME Gap as Price Dips Below 21 EMA

On the 12-hour chart, XRP futures show an unfilled CME gap between $114,440 and $115,555. The current position sits just above this range, increasing the likelihood that the gap will be tested. The asset recently declined by approximately 3.70%, or 4,405 points, as marked in the chart. This movement aligns with the price closing below the 21 EMA, a key technical indicator that has historically preceded further downside wicks.

Source:(X)

Chart analysis suggests that this area may attract significant short-term trading activity. With the CME gap still unfilled and volume decreasing, the market now awaits confirmation of whether XRP will revisit the lower end of this zone during the weekend or early next week.

XRP Volume Drops 28% as Price Compresses Near Key Technical Zone

Accompanying the technical setup is a notable drop in trading activity. XRP’s 24-hour volume currently stands at $11.12 billion, marking a 28.16% decline. This decline reflects reduced participation as price consolidates near important technical levels. In the meantime, the market cap of XRP has grown by 1.54%, making it $182.65 billion. This increase indicates that, although there is a slow downturn in volume, the investor behavior of holding continues to balance.

Source:CoinMarketCap

The current market structure remains intact above $114,440. Nevertheless, due to the close location to the CME gap and the breakdown below the 21 EMA, analysts still keep an eye on downward extensions. The price is held down in proximity to the zone, and this area will be the primary point of attention of traders in the short term.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply