- XRP traded at $2.58, gaining 8.5% in seven days, as it tested resistance near the $2.60 mark.
- RSI at 73.45 placed XRP in the overbought zone, showing increased buying activity and limited correction room.
- The $2.46 support level held firm, forming a narrow trading range between support and resistance levels.
XRP traded close to a major resistance level on Friday, drawing market attention as it approached the $2.60 mark . The token’s current price stood at $2.58, reflecting an 8.5% gain over the past seven days. The data indicated that XRP was moving within a defined short-term range, bounded by support at $2.46 and resistance at $2.58.
Trading activity remained consistent, showing a balance between buyers and sellers at these levels. The short-term range has limited price expansion, although momentum indicators now suggest growing pressure near resistance. Notably, the recent gains have pushed XRP closer to an important technical threshold , with traders assessing whether the price can maintain its strength through the day.
Technical Indicators Shows Overbought Conditions as Momentum Builds
Relative Strength Index (RSI) on the hour chart was fluctuating around 73.45, slightly above the middle. The reading placed XRP in the overbought region, showing that buying interest had become more vigorous in the last few sessions. However, the RSI remained stable, with no extreme divergence from the long term trend.
Source: TradingView At the same time, the MACD indicator similarly posted mixed momentum. The MACD line crossed slightly above the signal line, pointing to moderate bullish momentum, with histogram readings staying in positive territory. This blend signaled short-term demand interest, though traders appeared uncertain regarding the potential slowdown against near-term resistance.
The momentum data points supported XRP’s steady rise all week. Despite low volatility, the price managed to maintain its uptrend as there were consistent rising trading volumes and market activity.
Support Level Provides Stability Amid Tight Trading Range
The $2.46 support level has been a consistent anchor for the short-term structure of XRP. Each recent decline has run into bids near this level, preventing further declines. However, the close proximity between the support and resistance levels has created a tight channel which might constrain large movements until a clear breakout.
In this tight range, buying power was noticed concentrated around intraday lows, while selling pressures were observed around highs. This structure has formed a balanced market structure where traders are reacting instantaneously to price action within the channel.
Technical Indicators Highlight a Critical Moment
As XRP trades near $2.58, market participants are closely observing whether the token can break through the resistance barrier. Momentum readings such as RSI and MACD show that the asset has maintained buying pressure but may face short-term exhaustion.Until a decisive close above $2.60 or below $2.46 occurs, XRP is expected to remain within its established range, holding steady amid a cautious yet active trading environment.
