The global crypto market has turned red once again, with total market capitalization dropping by 2.63% to $3.65 trillion. Bitcoin is trading near $107,965, and Ethereum is holding around $3,856, both showing weak momentum.
Altcoin strength has also faded, with the Altcoin Season Index at just 25 out of 100, meaning most gains remain concentrated in Bitcoin rather than smaller tokens.
XRP Price Overview
XRP is trading at $2.42 after a mild 0.89% daily gain, but the weekly chart still shows a 4% decline. The coin’s market cap stands at $145 billion, with over $4.6 billion in daily trading volume. While this rebound brings slight excitement, XRP continues to trade well below its recent highs, keeping the overall trend uncertain.
Technical Indicators Hint at Short-Term Bounce
On the weekly chart, XRP is still showing an active bearish divergence that first appeared near its all-time high of $3.40. This pattern usually suggests weakening momentum and a possible continuation of the downtrend.
However, a short-term bullish signal has appeared on the daily timeframe. Over the past few days, XRP’s RSI has formed higher lows while prices created lower lows — a setup that often leads to a brief recovery rally. Analysts believe XRP could move toward the $2.60 to $2.70 zone in the short term, where strong resistance awaits.
Levels to Watch
If XRP manages to break above $2.70, it could confirm a trend reversal and open the door for further upside. Until that happens, the market remains in a cautious phase. Support lies near $2.30, and losing that level could push prices back toward $2.00.
With the overall crypto market still under pressure and fear dominating investor sentiment, XRP may continue trading sideways until stronger bullish confirmation appears.
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