Ripple is currently facing challenges with the critical 100-day moving average, and the market is showing signs of low volatility. This situation raises important questions regarding XRP’s future price action as it teeters on the edge of potential significant movements.
XRP Analysis
By Shayan
The Daily Chart
Ripple has experienced a bullish retracement as it approaches a significant resistance point at the 100-day moving average, priced at $2.5. Currently, the market reflects low volatility, indicating a balance between buyers and sellers. This consolidation phase suggests that an influx of demand or supply could catalyze a major price movement.
With sellers predominant at this level, a price rejection seems more likely. However, should XRP achieve a bullish breakout, it could trigger a short squeeze that propels the price towards the key resistance level of $3.
The 4-Hour Chart
Analyzing the lower timeframe, XRP’s price has recently been retracing upwards but is now beginning to lose momentum, resulting in sideways consolidation. Trading activity remains low, and there is a lack of clear directional bias, which reinforces the concept of a temporary equilibrium between buyers and sellers.
Ripple is currently contending with strong resistance in the $2.5–$2.8 range, a zone likely saturated with selling pressure that could hinder further price increases. Under these circumstances, continued consolidation within the $2–$2.8 zone appears plausible in the mid-term, with the next major trend hinging on a decisive breakout.
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