XRP experienced heightened volatility, declining approximately 7% due to geopolitical tensions impacting cryptocurrency markets. The digital asset dropped from around $2.20 to $1.90 before stabilizing near the $2.06 level, reflecting elevated market uncertainty.
Technical analysts present conflicting outlooks for XRP’s trajectory. Veteran analyst Peter Brandt identified a potential Head-and-Shoulders pattern, suggesting a bearish reversal could materialize if support below $1.80 fails to hold. This pattern typically signals trend exhaustion following an extended upward movement.
Contrasting this perspective, analyst EGRAG CRYPTO maintains a bullish case contingent upon XRP holding above the Gaussian Channel boundary near $1.75. For sustained bullish momentum, EGRAG emphasizes the crucial resistance level at the 21-week Exponential Moving Average (EMA) near $2.33.
Market sentiment indicators show conflicting signals. The Accumulation/Distribution (A/D) line points to persistent selling pressure, reflecting ongoing capital outflows. Conversely, the Chaikin Money Flow (CMF) indicator reveals only tentative buying activity, highlighting prevailing market uncertainty.
Key technical thresholds dominate trader focus. Support is concentrated between $1.75 and $1.80 – a region considered vital for maintaining structural integrity. Should XRP overcome resistance at $2.33 and subsequently at $2.65, analysts note this could ignite significant bullish continuation momentum.