XRP maintains gains — David Schwartz public support aligns with positive outlook

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XRP Rises 0.40% Today on News

Highlights

XRP is experiencing short- and medium-term bearish pressure, trading below key short-term moving averages with weak momentum signals.
Key technical indicators such as MACD, ADX, RSI, and oscillators point to a bearish bias, with most daily momentum measures in oversold or sell territory.
For the next five sessions, the expected trading range is $1.2850 to $1.37, with low probability of a sustained upward move and risk of further decline if support breaks.

Institutional confidence strengthens after Schwartz’s Nasdaq bell tweet and Evernorth flows

David Schwartz commented on the excitement of ringing the Nasdaq closing bell alongside Evernorth, signaling strong public engagement with the new XRP listing. This tweet matters for XRP because it raises market awareness and may boost institutional confidence, reinforcing perceptions of growing adoption. Market reaction has been supportive, as evidenced by ongoing institutional initiatives like Evernorth's $473 million XRP deployment and steady inflows into XRP investment products.

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The tweet was deleted by the author.

But we saved everything 🙂.

Bearish momentum persists as XRP tests moving average support boundaries

XRP trades below the MA-20 ($1.4564) and MA-50 ($1.4236) but remains above the MA-200 ($1.2805). Support is seen at the MA-200 ($1.2805) and resistance at the Ichimoku Kijun ($1.4846). Daily momentum is bearish, with the RSI in sell territory and MACD signaling downside risk, but short-term price action reflects attempts to rebound. The 5-day forecast expects XRP to consolidate within $1.2850 — $1.3700; the tweet's fundamental signal aligns with this technical outlook.

Jainam Mehta, market strategist, acknowledges David Schwartz’s Nasdaq event comments but remains skeptical about their fundamental impact amid global risk factors. Mehta believes that, while headlines like Evernorth’s $473 million XRP move drive short-term sentiment, broader macroeconomic headwinds and institutional caution still dominate the landscape. "Prominent events may buoy optimism temporarily, but investors should focus on macro risks and real adoption, not celebratory moments."

Previously it was reported that XRP showed signs of short-term weakness but maintained long-term support, underpinned by ongoing institutional adoption and new strategic partnerships. This article adds a new dimension by focusing on present technical factors, highlighting a critical price level that traders should monitor for potential breakout or further downside risk.

Source of Data: XRP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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