- Technical outlook: Limited XRP rise with stable key support level

XRP is trading at $1.43, maintaining a slight positive trend, as it trades above the 50-day exponential moving average at $1.41, and the 20-day simple moving average Bollinger Bands near $1.39, indicating latent demand on dips. However, the overall trend remains limited as long as the price stays below the 100-day exponential moving average at $1.53, and the 200-day exponential moving average at $1.78.

Momentum signals indicate support as the moving average convergence divergence (MACD) on the daily chart remains in the positive region, and the relative strength index (RSI) is near 56. Notably, the high money flow index (MFI) around 74 suggests strong buying pressure but is approaching overbought territory.

Daily chart of XRP/USDT pair

On the bullish side, the first resistance level is at the upper Bollinger Band at $1.48, followed by a more significant barrier at the 100-day exponential moving average at $1.53. A daily close above these levels is required to open the way toward the 200-day exponential moving average at $1.78. On the downside, immediate support is at the 50-day exponential moving average at $1.41, followed by the middle Bollinger Band around $1.39. Breaking this level would expose the lower band at $1.30, weakening the current constructive accumulation phase.
$XRP