- XRP is trading at $3.04 and has a market cap of 181.61B with a resistance at the $3.20 mark.
- According to technical indicators, the momentum is weak, and the RSI stands at 41.84 and MACD negative on the most important metrics.
- Projections over the long run have revealed the possible shift towards 4.50-6.50 by 2025, but short-term pressure still exists.
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Over the past few days, XRP has been volatile as it trades around the price of $3.04 following a 3.09% decline move according to Coinmarketcap. The market capitalization of the token is 181.61 billion, which ranks it as the third largest cryptocurrency.
Source: CoinMarketCap
The volume has significantly decreased with the 24-hour trading standing at $4.91 billion, equivalent to a sharp decline of 24.93%. This has changed as the circulating supply still stands at 59.61 billion XRP, whereas the cumulative supply is 100 billion. Price movement has been plagued by resistance at the present, with technical indicators projected to create volatility in the future.
Resistance Levels Signal Challenges
Historical chart structures show XRP testing long-term resistance zones between 2024 and 2025. The price movement of the token shows recurring rejection around the region of 3, and further rejection could take place within $4.50 to $6.50.
This trend is in line with the trend of Bitcoin that has remained strong as well as recording higher highs till 2025. Nevertheless, failure to climb above the $3.20 level has caused the short-term sentiment to be anxious especially with the daily sell pressure accumulating.
Technical Indicators Show Weak Momentum
The Relative Strength Index (RSI) currently reads 41.84, moving closer to oversold territory but not fully signaling exhaustion. Earlier lows at 28.27 reflected stronger downward pressure, though minor recoveries were visible.
Source: TradingView
In the meantime, the Moving Average Convergence Divergence (MACD) indicates further weakness, indicating the line values of -423.1M and -471.73M as compared to the histogram of -894.83M. These signs point to the fact that the buying momentum is still restrained, despite the support levels trying to settle at the level of $3.00.
Market Trends Remain Critical for Outlook
The broader market environment continues to shape XRP’s movement, with volume-to-market cap ratio at 2.75% showing reduced participation. According to historical forecasts, the annual trend may increase to the 6 range in the long run, but there is pressure on current trends.
It is worth noting that the current weakness would be stretched in case of sustained consolidation below $3.20 and any break above resistance would be in line with previous highs in 2021. As the two Bitcoin and XRP approach crucial areas, the actions of the market in the next few sessions will continue to be critical towards its direction.
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