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The price of XRP has been moving sideways lately, showing very little momentum in either direction. On the daily chart, XRP has been stuck in a narrow range for about a week, bouncing between $2.15 and $2.35. Traders are watching closely to see which way the price might break next.
Currently, indicators like the MACD show a flat trend, meaning there’s no clear strength from buyers or sellers. This suggests that the price could continue moving sideways for a little while longer.
According to analysts, a key support level is at $1.79. If XRP falls below this point, it could trigger more selling pressure and weaken the current positive outlook for the coin. However, as long as XRP stays above this level, there’s still hope for a future upward move.
The next important resistance level is at $2.34. A break above this price would be a positive sign and could signal the start of a new rally. For now, though, such a breakout isn’t expected unless there’s a major event in the market — like an important decision from the U.S. Federal Reserve, which often causes price swings across the crypto market.
In short, XRP is currently moving in a sideways pattern without much momentum, and traders should keep an eye on the $1.79 support and $2.34 resistance levels for the next possible move.
A Big Move Soon?
Analyst Casi Trades said that after months of moving in a tight range, XRP is now at a crucial point where a big move is expected soon. From here, the price will either break out strongly to the upside or dip sharply one last time before bouncing back.
“What makes this moment even more critical is the timing. It’s mid-week, Wednesday, this is when sentiment tends to flip. We’ve seen it before many times at the end of consolidation: a sharp fakeout that recovers by the macro close, leaving most people behind,” she said.