XRP, the fifth-largest cryptocurrency by market capitalization, is trading around $1.40, maintaining its position above the 50-day, 100-day, and 200-day exponential moving averages (EMAs). Despite a slight pullback of over 1% in the last 24 hours, the broader technical structure remains bullish, with buyers still in control.
Mixed signals from derivatives market
Data from CoinGlass reveals a mixed sentiment among traders. The long-to-short ratio remains above 1, indicating that long positions outnumber shorts. However, open interest has declined by 1% in the last 24 hours, and trading volume is down 8.8%, suggesting reduced market participation. The funding rate stands at 0.0054%, a positive value that implies long traders are paying shorts, reflecting a bullish bias.
Following last week's Non-Farm Payrolls report, market participants are now turning their attention to the upcoming Consumer Price Index (CPI) data for further clues on U.S. inflation trends.
Technical outlook: key support and resistance levels
XRP's ability to hold above the rising 200-day EMA near $1.353 is crucial for maintaining its long-term uptrend. This level, along with the 50-day and 100-day EMAs, provides multiple layers of support. The Relative Strength Index (RSI) has cooled from overbought levels and now sits just below 60, indicating that bullish momentum is moderating but not reversing. Meanwhile, the Moving Average Convergence Divergence (MACD) has turned slightly negative, pointing to potential consolidation rather than a market top.
Immediate support is seen around the 200-day EMA at $1.353. A daily close below this level could trigger selling pressure, potentially driving XRP toward the horizontal support at $1.300. If the correction deepens, the 50-day and 100-day EMAs in the mid-$1.20 range would form the next significant demand zone. A sustained break below those indicators could weaken the bullish outlook and expose the psychological $1.000 level.
On the upside, the next major resistance is at $1.900. A decisive breakout above this barrier would confirm renewed bullish strength and could open the path toward higher highs within the prevailing uptrend. Until then, XRP may continue to consolidate between $1.353 and $1.900 as traders await a clearer directional signal.
For broader market context, Bitcoin's resilience near $80K and Ethereum's ETF inflows are supporting overall crypto sentiment. Additionally, gold's stability and AUD/USD dynamics reflect broader market conditions.
This article is for informational purposes only and does not constitute financial advice.
