XRP is holding steady around $3.17 as traders weigh mixed technical signals. While short-term charts show selling pressure, long-term indicators still point to underlying bullish strength. This week could be a pivotal one for Ripple’s token, with key levels in sight.
Technical Overview
On the 1-hour chart, most moving averages remain in “Sell” mode, indicating ongoing downward pressure in the short term. However, momentum indicators such as the Williams %R and Momentum have flipped bullish, suggesting that selling pressure might be losing steam.
The 4-hour chart paints a similar picture: shorter-term moving averages lean bearish, but the longer-term 100 and 200 MAs show buying signals. This divergence often hints at a market in transition, where short-term weakness may give way to a broader upward move.
Meanwhile, the Relative Strength Index (RSI) hovers between 40 and 47, signaling that XRP remains in neutral territory — leaving plenty of room for an upside push without becoming overbought.
Key Levels to Watch
- Resistance: $3.23 – $3.27
Multiple moving averages converge here. A breakout above this zone could open the door to $3.35 and possibly $3.50. - Support: $3.12 – $3.10
Buyers have been active here recently. A close below $3.10 could trigger a drop toward $3.00.
Outlook for the Week
The most likely scenario is a period of sideways trading with a slight bullish bias. A close above $3.23 on the 4-hour chart could spark a rally to $3.35. On the flip side, a drop below $3.10 could accelerate losses toward $3.00 or even $2.95.
Bullish case: Break above $3.27 → rally to $3.35 and possibly $3.50.
Bearish case: Close below $3.10 → decline to $3.00 and $2.95.
Bottom Line
XRP is at a crossroads this week. While short-term momentum remains fragile, the broader trend still offers hope for the bulls. Watch $3.23 and $3.10 closely — they’re the levels that could define the next move.
