XRP news live: Daily MACD stays bearish — upside probability remains below 20%
XRP (XRP) is trading at $2.3437, which is below the MA-20 ($2.6967), MA-50 ($2.8282), and MA-200 ($2.5857) on the daily chart. This positioning reflects ongoing short-, medium-, and longer-term pressure from sellers.
Highlights
- XRP trades at $2.3437, remaining below its MA-20 ($2.6967), MA-50 ($2.8282), and MA-200 ($2.5857), indicating persistent multi-term selling pressure.
- Ripple is reportedly considering a joint fundraising initiative to buy up to $1 billion in XRP, despite already holding about 35 billion XRP in escrow.
- With daily RSI at 23.0 and resistance at $2.8282, the five-day projected range is $2.2757–$2.4105, showing less than 20% probability of upside continuation.
Positioning pressure intensifies as traders react to seller strength
Ripple is reportedly involved in a potential joint fundraising effort to purchase up to $1 billion worth of XRP tokens, fueling speculation around its motives as it already holds about 35 billion XRP in escrow. The move aligns with recent trends of firms establishing XRP treasuries. Meanwhile, XRP support levels have been tested amid ongoing market volatility.
Bearish momentum persists as oversold signals meet strong trend
The nearest dynamic support is around the Ichimoku Kijun at $2.1771, with resistance likely at MA-50 ($2.8282). Momentum indicators show mixed signals. The daily MACD points to bearish momentum, while a strong ADX reading signals a powerful trend is in place. Oversold readings from the daily RSI (23.0), Stochastic RSI, and CCI suggest the market is stretched to the downside, yet BBP confirms sellers continue to dominate, indicating bears are pressuring intraday levels.
Downside risk prevails amid low probability for bullish reversal
For the next five trading days, the projected range for XRP is $2.2757 to $2.4105. The probability of further upside is very low (less than 20%), making downside continuation more likely. Baseline scenario: price remains within this sideways channel, fluctuating between support ($2.1771) and resistance ($2.8282). A bullish scenario would require a decisive move above $2.4105, likely targeting the MA-50, while a bearish scenario appears more probable if sellers push below support at $2.1771.
Previously, it was noted that Ripple Labs Inc. was leading an ambitious effort to raise $1 billion to accumulate XRP through a new digital-asset treasury. Last time we reported that the fundraising would take place via a SPAC structure, as described in the article Ripple aims to raise $1 billion for the new vehicle.
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