Required containers
- XRP continues to trade below its 50-day EMA, maintaining a long-term hold.
- Momentum indicators are improving, with the MACD turning high and the RSI rising to 55.
- A break above $1.15 would encourage a recovery, while failure to do so could lead to another pullback.
Ripple’s native token, XRP, remained under pressure on Thursday, extending its control zone as it traded below the 50-day Exponential Moving Average (EMA).
Although the cryptocurrency has rebounded from recent lows, buyers continue to face strong resistance that has slowed the recovery.
The latest technical update shows that despite the steady growth of the cryptocurrency, XRP has not yet confirmed a stable trend.
The 50-day EMA continues to move higher
XRP is currently trading below the 50-day EMA at $1.1458, it remains below the 200-day EMA at $1.4425.
These moving averages continue to act as major resistance levels, preventing the indicator from building higher.
Recent price action shows that buyers have successfully hedged the lower levels, but rallies have been halted repeatedly before recapturing high technical levels.
Despite the sharp correction, technical indicators show that buying pressure is slowly returning.
Moving Average Convergence Divergence (MACD) remains in an uptrend, and the MACD line and the signal line are moving forward as the histogram continues to expand into positive territory. This indicates that the amount of sugar in the blood increases.
Meanwhile, the Relative Strength Index (RSI) has risen to around 55, putting it above the 50 level. This reading shows that buyers are slowly regaining control without the market entering overbought territory.
Together, these signals point to a correction in market sentiment, although ensuring a sustained recovery will require a break above major resistance.
Required Resistance Levels
XRP’s first major hurdle is the 50-day EMA at $1.1458. Above is the 50% Fibonacci retracement level of the recent decline from $1.2935 to $1.0092, which is near $1.1514.
A move above this resistance level can create a short-term trend and encourage buying interest.
If XRP fails to move lower, traders can look to several important areas for support:
- 38.2% Fibonacci retracement: $1.1178
- Broken up line: Around $1.0937
- 23.6% Fibonacci retracement: $1.0763
- Latest low: $1.0092
Holding above these support levels can help maintain the current recovery plan, while a break below them can signal XRP to continue downward.
XRP is still in a stable phase, supported by trend control but constrained by strong technical resistance.
A successful breakout above the $1.1458–$1.1514 resistance zone would provide the first sign that the bulls are regaining control. Until then, the symbol may remain in the consolidation phase, with traders looking to see if the support around $1.12 can withstand the new selling pressure.
