The XRP price is trading sideways for the past few days, between $2.20 and $2.35 mark with no clear move in either direction. This is mostly in line with how the broader crypto market is behaving this week with BTC price stuck in the $82-84k range and Ethereum barely moving between $1870 and $1950.
There are some rumors about XRP vs SEC case potentially ending soon, but nothing concrete has been confirmed yet. So, where could the XRP price be headed next?
What you'll learn 👉
Technical Indicators Analysis
Let’s have a look at some technical indicators:
RSI(14) is 47.403 – The Relative Strength Index is currently just below the midpoint of 50. This suggests that XRP is in a neutral territory, neither overbought nor oversold. The reading indicates slight downward momentum but not enough to suggest a strong bearish trend.
MACD(12,26) is -0.062 – The Moving Average Convergence Divergence indicator shows a slightly negative value, indicating bearish momentum in the short term. However, the value is very close to zero, suggesting that the bearish pressure is minimal and could reverse with a small shift in market sentiment.
CCI(14) is -15.9559 – The Commodity Channel Index is showing a negative reading but remains within the normal range (-100 to +100). This indicates that XRP is not significantly deviating from its historical average price but is experiencing minor downward pressure.
Ultimate Oscillator is 45.284 – This reading below 50 points to slightly bearish momentum across multiple timeframes. However, it’s not far from the 50 neutral mark, indicating that selling pressure is not overwhelming.
ROC is -8.061 – The Rate of Change shows a negative value, meaning XRP’s price has decreased compared to its price from the selected period ago. This 8% decline suggests some selling pressure has been present recently.
Bull/Bear Power(13) is -0.0308 – This indicator shows bears have a slight edge in the market currently, but the value is very close to zero. This suggests the battle between buyers and sellers is fairly balanced with only a small advantage to sellers.
Read also: Why Are XRP Investors Getting Ready for a HUGE Breakout? Analyst Explains
XRP Price Forecast for Today
XRP will likely stay in its current range today. We expect the price to move between $2.22 and $2.32. The technical indicators point to slightly more activity near the bottom of this range.
If bad news comes out about the SEC case, the XRP price might drop below $2.20 and could test $2.10. This isn’t very likely but could happen if the market turns negative.
If good news breaks or the crypto market picks up overall, XRP could push above $2.35 and possibly reach $2.45. For this to happen today, we would need to see a strong positive development or a sudden increase in buying interest.
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