The XRP price remained relatively strong during the ongoing market sluggish performance and now it’s hovering around $2.00.
Another positive sign for XRP holders is the fact that during the days when market was pumping, and we had 2 of those this week, XRP pumped harder than other popular altcoins with 15-20% pump bounces from lows.
So, where is the XRP price headed today and this weekend? Let’s dig in.
What you'll learn 👉
XRP Chart: Technical Analysis
XRP bounced off the 200-day moving average at $1.87 and climbed back above $2.00. This shows the 200-day average is working as support for now. The bounce wasn’t very strong though, which means buyers aren’t fully committed yet.
XRP has been making lower highs and lower lows since February. This pattern tells us we’re in a downtrend. The MACD is still negative and below the signal line, confirming bearish momentum. The RSI sits at 44, just above oversold territory, showing bearish to neutral momentum.
The CCI indicator reads -50, pointing to a mild downtrend. The Rate of Change shows a drop in price momentum of about 9.34%. Right now, there are no bullish divergences on the RSI or MACD charts that would hint at a coming reversal.
Weekend XRP Price Scenarios
If sellers take control and push the XRP price below $2.00, we’ll likely see another test of the 200-day moving average at $1.87. If this support breaks, the price could slide down to $1.75, especially if we see higher trading volume on the way down. Based on current indicators like ROC and MACD, this scenario seems quite possible.
If buyers step up and keep the XRP price above $2.00, we could see the price move toward $2.15, which was a resistance level in early April. A strong close above $2.20 would signal a breakout and possibly push the price toward $2.40. For this to happen, we’d need to see the RSI climb above 50 and the MACD lines start to come together.
The bearish case seems more likely right now unless we see strong reversal signals in the next day or so. The bullish case needs confirmation from higher volume and a shift in momentum.
Despite the current downtrend, XRP has shown it can bounce back harder than other coins during market upswings. Keep an eye on whether it holds above the $2.00 level this weekend, as this will be key to which direction it takes next.
Read also: Pro-XRP Attorney Flags April 16 as Key Date in Ripple vs SEC Case – What to Expect
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