[The calm before the storm: XRP is about to fluctuate sharply around this key level]
Currently, Ripple (XRP) volatility is low, with the price hovering around the 200-day moving average (MA) near $0.54, a significant support area.
While momentum is currently weak, this level is expected to absorb selling pressure and attract demand, potentially setting the stage for a future rebound. The recent price action has shown signs of a pullback and sideways movement, and if XRP can hold the $0.54 support, it could attract more buying in the medium term and push the price towards the $0.64 resistance zone.
On the 4-hour chart, XRP continues to trade sideways with weak momentum, but the $0.54 support zone remains firm. If buying pressure intensifies, XRP could rally towards $0.64; conversely, if support is breached, the price could dip further into the Fibonacci retracement range of 0.5 to 0.618.
Price action in the coming days will be critical to XRP’s short-term prospects.
