XRP price prediction: Can Kijun resistance hold as XRP drops 7.34%?
XRP (XRP) is trading at $1.4671 after a daily drop of 7.34%. The asset remains below the MA-20 ($1.5407), MA-50 ($1.8266), and MA-200 ($2.3858), highlighting ongoing selling pressure relative to key moving averages.
Highlights
- Ripple Labs issued a major update to the XRP Ledger as CEO Brad Garlinghouse joined a CFTC committee, signaling heightened regulatory engagement for XRP.
- Binance's XRP reserves dropped by about 7%, and US spot XRP ETFs including XRPC and XRPZ saw a slowdown in inflows despite recent corporate developments.
- XRP trades at $1.4671, below its MA-20, MA-50, and MA-200, with the next resistance at $1.5540 and support near $1.4556, underscoring prevailing bearish momentum.
Regulatory optimism and ETF inflow slowdown shape market flows
Ripple Labs recently released a significant update to the XRP Ledger (XRPL), and the company’s CEO Brad Garlinghouse joined a CFTC committee, stoking optimism around potential regulatory developments for XRP. Binance’s XRP exchange reserves fell by about 7%, reflecting notable asset movement among market participants. Additionally, US spot XRP ETFs such as Canary Capital’s XRPC, Bitwise’s XRP, and Franklin Templeton’s XRPZ have reported a slowdown in inflows despite recent corporate actions.
Dynamic resistance caps XRP amid persistent bearish momentum
Technically, XRP faces dynamic resistance at the Ichimoku Kijun near $1.5540, with minor support from the Hull Moving Average close to $1.4556. Bearish momentum persists as both daily and weekly MACD point to a strong sell, while the ADX favors a continued move downward. RSI remains weak across daily and weekly charts, the Stochastic RSI is overbought on the daily but oversold on the H4 and weekly frames, and the CCI indicator is close to neutral. Intraday, Bull/Bear Power is slightly positive at 0.1896, suggesting marginal buyer presence, but oscillators diverge from the prevailing negative trend.
Sideways outlook prevails as price volatility narrows
In the short term, XRP is likely to trade within a typical volatility band between $1.32 and $1.60 over the next five trading days. The likelihood of a significant upward move is low — under 20% probability — so the baseline scenario is sideways movement in this corridor. For a bullish reversal, the price must break decisively above resistance at $1.55 to regain upward momentum. Conversely, a sustained drop below $1.45 could intensify selling, with potential declines extending toward $1.32.
Previously it was reported that XRP is exhibiting short-term bullish momentum as it trades just above its 20-day moving average but remains capped by medium- and long-term resistance, with the nearest key resistance at the 50-day average and notable support at the Ichimoku Kijun line. However, mixed momentum signals—including a bearish daily MACD, dominant sellers per ADX, overbought intraday oscillators, and persistent volatility—suggest the risk of a pullback or stabilization despite strong intraday buying.
- Forex
- Crypto