XRP’s price continues to move within a larger bearish pattern on the weekly chart. This setup has been forming for months, showing that even though XRP has short bursts of growth, the overall trend is still downward.
In the last few days, there hasn’t been much change in the bigger picture, and XRP is still struggling to move higher after several failed attempts to break through major resistance areas.
Daily Chart Shows Positive Signs
On the daily chart, the outlook is more balanced. A bullish divergence is still active, and there is no sign yet of it being canceled out. This gives buyers some hope that the price could recover soon if market conditions turn favorable.
Support and Resistance Levels
XRP is facing strong resistance around $2.60 to $2.70. In the past two days, the price came close to this level, reaching around $2.59 before slowing down.
If the token fails to move higher, it could pull back toward the next important support zone between $2.30 and $2.40. This range has acted as both resistance and support before, making it an important area for traders to watch.
Range-Bound Trading Likely for Now
For now, XRP is expected to stay within this price range between $2.30 and $2.70. The token may continue to move up and down in this zone over the next few days, following the broader moves of Bitcoin and Ethereum.
Conclusion
Over the past four months, XRP’s price has fallen by roughly 32%, following a sharp rally back in July. That earlier surge left many wallets holding significant unrealized profits, which has kept XRP’s MVRV ratio (a metric used to measure holder profitability) relatively high compared to other major coins. Analyst DataDash said that this means XRP may still need to “reset” further before a strong new uptrend begins.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
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