- XRP continues to trade sideways between $1.50 and $2.50, showing limited momentum
- Technical indicators like RSI and MACD point to short-term bearish pressure
- Holding above $2 support keeps hopes alive for a potential breakout
- A multi-year resistance level is being tested, signaling a possible move into price discovery
XRP has been moving sideways over the past few weeks, showing limited upside momentum despite a generally bullish trend in the broader crypto market. With price action stuck in a tight range, traders are left wondering whether XRP is gearing up for a major move, or slipping into another consolidation phase.
Historically, XRP has shown the capacity for explosive growth. Between 2017 and 2018, the token skyrocketed from just $0.006 to a staggering $3.80, delivering massive returns within a single year. Now, with altcoin season heating up, many believe XRP could replicate, or even exceed, that performance. A rally from $2 to $10 or even $20 is within the realm of possibility, especially if market conditions align.
Bearish Signals Cloud Short-Term Outlook
Currently trading around $2.19, XRP has spent the past few weeks consolidating within the $1.50 to $2.50 range. Key resistance levels remain unbroken, and technical indicators suggest a cautious sentiment is dominating the market.
The 4-hour chart shows troubling signs. The Relative Strength Index (RSI) is lingering near 44.37 and 46.51, below the neutral 50 level, indicating fading bullish momentum. The MACD (Moving Average Convergence Divergence) is also painting a bearish picture, with both the histogram and moving averages deep in the red. The MACD line at -0.0015 sits below the signal line at -0.0074, suggesting further downside pressure unless bullish volume steps in.
XRP Cycle Momentum Is Building
Despite the short-term technical headwinds, many in the community believe that XRP’s long-anticipated breakout cycle is taking shape. As the asset continues to hold above the crucial $2 support level, optimism is slowly returning.
A 2x surge in market cap? It’s looking increasingly realistic. Ripple’s long-term fundamentals and its progress on regulatory fronts continue to make the token a compelling altcoin bet.
XRP Multi-year resistance is being tested. A breakout above this key trendline could signal the start of a powerful move into price discovery territory.
While bearish signals are not to be ignored, the bigger picture suggests the token could be on the verge of something significant. All eyes are now on the charts, and the bulls, to see if this is the moment XRP finally takes off.
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