15 декабря 2024 года XRP found itself in the center of uncertainty, hovering around the $2,40 mark.
5 month chart XRP reflects an impressive rally from $0,57 to $2,90, followed by stabilization around $2,40. This point became an important support after a healthy correction.
The Relative Strength Index (RSI) at 64,10 sounds neutral, while the Average Directional Index (ADX) at 54,68 shows the strength of the trend. Given the low trading volume, the bulls are clearly taking a breather. A jump above $2,90 could resume the uptrend, while a drop below $2,20 would increase bearish pressure.
Analyzing the 4-hour time frame, it is obvious that XRP stuck between support at $2,40 and resistance at $2,53. Lower highs hint at sellers' advantage, while buyers are staunchly defending the $2,35 level.
Oscillators such as stochastics and the Commodity Channel Index (CCI) are on the edge, reflecting uncertainty. Moving averages - the 20-period exponential moving average (EMA) at $2,16 and the 20-period simple moving average (SMA) at $2,23, are supporting the bullish setup.
The hourly chart follows the 4-hour history, where XRP fluctuates between support at $2,38 and resistance at $2,45. Modest volumes signal low trader enthusiasm, as confirmed by the oscillator and momentum indicators. Momentum (10) at 0,164 gives the green light to buy, offering quick scalping opportunities in this tight corridor. A break above $2,50 or a drop below $2,38 could cause real excitement.
On all timeframes, the oscillators — RSI, Stochastic, CCI and the moving average convergence divergence (MACD) — are sending mixed signals. While the momentum indicator is encouraging buyers, the MACD at -0,30219 is warning sellers.
Long-term moving averages, with the 100-period EMA at $1,20 and the 200-period EMA at $0,92, paint a clear picture of a bullish trend. However, short-term averages, such as the 10-period EMA at $2,36, are in sync with the current price, highlighting the ongoing consolidation.
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