- XRP trades at $3.50 with a 23.33 percent weekly gain and $8.2 billion in 24-hour trading volume.
- Strong resistance between $3.50 and $4.00 signals profit taking as analysts expect a short-term pullback.
- RSI at 55.18 and flat MACD show stable momentum while $3.00 remains a key support level for buyers.
As of press time, XRP is trading at $3.50, an increase of 3.31% within the last 24 hours. The same period trading volume is 8.2 billion with a 14.29% rise. The price of XRP coin has gained 23.33% in the last week.
Source: CoinMarketCap
CoinCodeCap trading highlighted that XRP is already overbought at its resistance level. The coin has had a gain of over 40 percent since clearing above the level of $2.50, as well as the 200-period SMA. It reached its peak at $3.66, then slowed down. There is intense opposition between $3.50 and $4.00. This is a profit-taking zone with a high probability.
Source: X
Key Support Levels Hold
There is still a clear level supporting XRP. The initial point of support is the $3.00 mark, then the $2.50 mark, and the $2.00 mark. Analysts think that a dip to $3.00 might provide a formidable re-entry point. The overall picture is constructive as long as support levels are preserved.
The market data strengthens this conservative point of view. According to CoinGlass data, the trading volume increased by 6.04% to reach $16.41 billion. The Open Interest also increased by 6.86% to $11.01 billion. The OI-weighted funding rate stands at 0.0184%. These figures are an indication of interest, rather than heavy purchasing.
Source: CoinGlass
Also Read: Explosive XRP Pump to Multi-Month Highs: Is $4 Around the Corner?
Nonetheless, analysts are cautioning of a potential short-term correction. Michael van de Poppe revealed that the upward liquidity has been taken out by XRP. He anticipates downward price movement lower than $3.40. The longer-term buyer may re-enter the market at $2.70-$3.00 as he expects a pullback to that price region.
Source: X
XRP Momentum Remains Neutral
Relative Strength Index (RSI) stands at 55.18. This puts XRP in the middle ground. Neither is it overbought nor overbullish. Momentum is indicated as stable in the RSI. Traders can anticipate new entries after waiting for signals.
The Moving Average Convergence Divergence (MACD) indicates low momentum as well. The MACD and the signal lines are near the zero state. They are not strongly divided. This installation tends to cause lateral force. Traders are awaiting a decisive crossover to give direction.
Source: TradingView
The network carries the treasury reserves of $400 million. The 2025 ETF speculation is lending a helping hand. When prices drop to support levels, buyers can reappear in the market. XRP is still showing a positive trend over the long term. It is recommended that traders closely monitor major levels.
Also Read: XRP Price Eyes $4 Surge After Holding Key Fibonacci Support
