XRP Shows Signs of Bullish Pressure Near $2.14–$2.18 Range
XRP is stabilizing near the top of its recent range, showing bullish pressure as volatility narrows.
- Support exists at $2.14–$2.15 with multiple resistance tests at $2.18.
- XRP has formed higher lows within an ascending channel, indicating potential for a breakout.
- Middle East conflicts have caused risk-off sentiment, impacting crypto markets, but XRP has maintained its position in the $2.14–$2.18 range.
- The Federal Reserve's upcoming interest rate decision may prompt significant market movements.
- Technical indicators suggest underlying strength in XRP, with rising profit-taking activity averaging $68.8 million daily.
- XRP traded within a 3.81% range from $2.143 to $2.182, with strong buying pressure defending support levels.
- A short-term descending channel formed after a drop from $2.181 to $2.167, but a higher low was established, maintaining the broader uptrend.
- Bollinger Bands are tightening and RSI is neutral at 52, indicating potential volatility ahead.