XRP fluctuated between 1.407 and 1.457 over the past 24 hours, currently up by 0.49%. On the 4-hour chart, PDI is at 23.2, MDI at 11.9, and ADX at 26.2, indicating an upward trend. On the daily chart, MA7 is at 1.395, MA30 at 1.397, and MA120 at 1.522. The sequence still shows a bearish structure, but short-term indicators are signaling a buy. The 15-minute close is above the 20-day moving average, and the daily MACD has experienced a golden crossover.


The critical level is the daily MA120 at 1.5223. If this level is broken with high volume, the bearish structure on the daily chart will be invalidated. But first, sustained volume is essential. The 7-day average trading volume is 14.44 million, while the volume in the last 24 hours is 34.28 million. There is a significant difference. ETF inflows are steady; a reversal to outflows would dampen the sentiment. On the other hand, the two-week regulatory window mentioned by Ripple’s CEO is critical. Progress on the draft could create leverage effects for XRP.
Conclusion: Short-term upward, daily pressure. The direction will be determined by volume and regulation news.
XRP-0.21%
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MasterChuTheOldDemonMasterChu
· 18m ago
Buy the dip 😎
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MasterChuTheOldDemonMasterChu
· 19m ago
Just charge forward 👊
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ybaser
· 1h ago
Thanks for sharing
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