Even though the Bitcoin price is down around 1.5% in the last 24 hours, XRP managed to pull a 2.5% pump and is now trading close to $2.30.
In the short-term timeframe, it looks like XRP has a strong support at $2.20 level as this range was protected multiple times for the past few days. Per investing.com technical analysis for a daily timeframe, XRP is now a “sell,” so let’s find out why.
What you'll learn 👉
XRP Price: Technical Indicators Show Mixed Signals
RSI is 46 – The Relative Strength Index currently sits at 46, which is slightly below the midpoint of 50. This indicates mild selling pressure, but not enough to consider XRP oversold. The asset is in a neutral territory with a slight bearish lean.
Ultimate Oscillator is 46.7 – Similar to the RSI, the Ultimate Oscillator reading of 46.7 suggests XRP is in a neutral zone with minimal bearish pressure. This indicator combines multiple timeframes to provide a more balanced view of momentum.
MACD (12,26) is -0.103 – The Moving Average Convergence Divergence shows a small negative value of -0.103. This indicates that short-term momentum is slightly weaker than long-term momentum, contributing to the overall “sell” rating.
ROC is 6.4 – The Rate of Change is positive at 6.4, indicating that XRP has gained value compared to its price several periods ago. This is one of the few bullish signals among the indicators.
The main reason for XRP’s 2.5% pump despite the sluggish market is likely a new partnership Ripple announced yesterday. Ripple received approval from Dubai’s financial regulator to offer crypto payments in the Dubai International Finance Centre. This makes them the first blockchain payments company to secure a DFSA license.
Speculation is rising that the long-awaited closure of the Ripple vs. SEC case could fuel bullish sentiment, so let’s see if we get some news in the next few days or weeks as this could influence the price.
XRP Price Prediction for Today
Based on the technical indicators and recent developments, XRP will likely trade between $2.20 and $2.40 today. The strong support at $2.20 should hold unless there’s significant market-wide selling pressure.
If positive news emerges about the SEC case, we could see XRP test the $2.50 level, but without such catalysts, the price will probably consolidate around current levels.
Traders should watch Bitcoin’s movement closely, as continued weakness in BTC could limit XRP’s potential gains despite its recent positive news flow.
Read also: AI’s Shocking Crypto Prediction for Millionaire Status in 2025: Buy This, Not XRP
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