The XRP price has found support around $2.05 during the recent market downturn and now sits at $2.10.
Good news about the Ripple vs SEC case last month briefly pushed the price above $2.50. But XRP soon fell victim to the broader market weakness.
So where might XRP price go today? Let’s look at some key technical indicators on the daily chart.
What you'll learn 👉
XRP Chart: Technical Indicators
RSI (Relative Strength Index) is 39.124 – The RSI shows more sellers than buyers right now, sitting below the middle point of 50. It’s not yet in oversold territory though, which usually starts below 30.
MACD (Moving Average Convergence Divergence)(12,26) is -0.079 – This indicator is slightly negative, showing bearish momentum. The short-term average has dropped below the long-term average, pointing to a downward trend.
CCI (Commodity Channel Index) is -128.5523 – This reading is well below -100, suggesting XRP is oversold. This often means the price could bounce back soon.
Highs/Lows is -0.1573 – Recent lows matter more than recent highs right now. This negative number backs up the bearish market feeling.
Ultimate Oscillator is 40.4 – With a reading below 50, this shows moderate selling pressure across different timeframes, but it’s not extreme.
ROC (Rate of Change) is -8.057 – XRP has lost about 8% compared to its price from several periods ago. This confirms the downward push.
Read also: Why Is XRP Price Dumping Despite the Ripple Win Over the SEC?
XRP Price Prediction for Today
Bearish Scenario
The XRP price might keep falling today based on these indicators. The negative MACD and ROC values show ongoing downward pressure. If sellers stay in control, XRP might test that $2.05 support level again. If that breaks, we could see prices drop to around $1.90 to $2.00.
Bullish Scenario
Even with mostly bearish signs, the oversold CCI reading hints XRP might bounce back shortly. If buyers step in now, XRP could recover to around $2.15 to $2.20. Any good news in the wider crypto market might push XRP toward the $2.25 resistance level. However, a move back above $2.50 seems unlikely today without some major positive news.
The overall picture leans bearish for XRP today, but watch for possible short-term bounces due to those oversold conditions on some indicators.
Read also: This Shocking XRP Price Prediction Points to $27 by June 2! Solaxy Eyes Big April
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