XRP Price Analysis

XRP has stabilized near the $2.1 area, with a reflex bounce observed over the past week. However, the broader structure continues to signal repair rather than reversal, according to Central Charts and TipRanks.

Technical Indicators

The 20-day exponential moving average is $1.97, while the 50-day exponential moving average is $2.02, indicating a buy signal. The Relative Strength Index (RSI) is 57.45, suggesting a neutral signal.

Market Implications

The XRP price surge to $2.02 after breaking through the $1.96 resistance level with strong volume indicates potential for further gains. However, traders are watching if XRP can maintain above $2.00, with $1.96 as a critical support level to avoid a return to previous trading ranges, as reported by Coindesk.

Pivot Points and Moving Averages

Pivot points can also be used to set price objectives. The standard pivot point is $2.17, while the Camarilla pivot point is $2.31. The 5-day moving average is $2.19, suggesting a sell signal, while the 20-day moving average is $1.97, indicating a buy signal.