XRP price has reclaimed short-term EMAs, with MACD turning higher and RSI improving, but stacked ask walls mean a breakout requires strong volume through resistance.
Summary
- Large Dogecoin transactions fell from 38 to just four, marking a 60-day low in whale activity.
- DOGE trades below its 200-day EMA near a support level tested twice already in 2024.
- Momentum has weakened since the June–September rally, with RSI showing persistent negative readings.
XRP price has climbed above short-term trend markers following a consolidation period, according to daily chart analysis, with the cryptocurrency showing signs of renewed buying interest.
The digital asset’s price has moved above its 9-day exponential moving average (EMA), while the spread between the 9-day and 20-day EMAs has narrowed, technical data shows. The Moving Average Convergence Divergence (MACD) indicator has turned upward with histogram expansion, while the Relative Strength Index (RSI) has returned toward a neutral-to-bullish zone, according to chart analysis.
XRP price faces some resistance
XRP (XRP) faces a resistance band across several price levels, with order-book data showing multiple ask walls representing significant supply barriers. The first major resistance sits at undisclosed levels, followed by larger liquidity barriers at higher price points, market data indicates.
Analysts note that a close above initial resistance levels, accompanied by volume clearing order-book liquidity, would signal a potential structural shift toward a bullish trend. Thinner liquidity above current resistance ranges could accelerate upward momentum if buying pressure absorbs existing sell orders, according to technical observers.
On the support side, XRP maintains a price floor at several nearby levels, with multiple bid walls positioned above those supports representing substantial buyer demand, order-book data shows. A breakdown below this support region could shift market sentiment toward consolidation or bearish conditions, particularly if momentum indicators reverse, analysts said.
The cryptocurrency has not yet confirmed a full bullish reversal, though market posture has shifted away from weaker sentiment observed earlier in the week, according to price action analysis.
For long positions, technical analysts identify entry points above the first resistance level following successful clearing of nearby ask walls. Additional profit-taking zones align with subsequent resistance levels where liquidity density increases, market observers noted.
Short-position opportunities emerge on rejection patterns at initial resistance or failures to break through major ask walls, with downside targets at bid wall levels and deeper support zones, according to trading analysis.
The next phase of price movement depends on market interaction with stacked resistance levels, with momentum indicators providing a supportive backdrop while liquidity barriers remain the determining factor for further price direction, analysts said.
Source: https://crypto.news/xrp-price-eyes-breakout-beyond-2-2-as-emas-and-macd-turn-bullish/
