Crypto
- XRP holds $2.5 with analysts predicting a price breakout or retest to $2 support.
- MACD and RSI indicators suggest XRP momentum could shift despite bullish control.
- XRP ranks third in market cap at $144B, trailing only Bitcoin and Ethereum
XRP has successfully stayed above $2.5 over the last 24 hours, reclaiming third place among digital assets with a market capitalization of $144 billion. This pushed Tether’s USDC down to fourth position.
Data from CoinMarketCap reveals XRP rose 4.21% in the past week and has climbed 335.17% in the last 30 days. However, its trading volume fell by 33% to $5.85 billion, while its price dropped 1.35% over the past day.
XRP Holds $2.5 and Reclaims Third Spot in Market Rankings
Veteran trader Peter Brandt took to X (formerly Twitter) to point out the possibility of a bullish breakout for XRP, even as the broader market remains sluggish.
Another chart analysis by Nebraskangooner suggests XRP faked a breakout above $2.5, reaching a daily high of $2.56 after rebounding from a low of $2.47. At the time of writing, XRP trades at $2.51, 34.71% below its all-time high of $3.84.
Nebraskangooner Warns of XRP Retest at $2 Support Level
Nebraskangooner’s analysis suggests a high likelihood of XRP falling back to the $2 support zone before potentially making another move toward $2.5.
With the new SEC Chair Paul Atkins taking over and the approaching pro-crypto administration of Donald Trump, XRP is expected to skyrocket considering the approval of spot XRP ETFs and the dismissal of the SEC lawsuit against American fintech firm Ripple.
Related: XRP Rally Expected as Ripple vs SEC Case Takes New Turn
Technical Analysis: RSI and MACD Insights for XRP Price
The Relative Strength Index (RSI) on XRP’s daily chart reads 57.71, indicating bulls control price action, although the gradient suggests lower prices ahead.
The MACD indicator remains slightly bullish, with the MACD line (blue) above the signal line (red). However, the weak intensity of this signal hints at possible momentum shifts.
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