- Ripple price reversed the trend upwards from the dip to $0.1850, riding on freshly created demand.
- XRP/USD is bound to trade sideways above $0.1950 according to both the RSI and the MACD.
Ripple price renewed the bullish momentum after plunging below $0.20. The dip went as far as $0.1850 but buyers swung in to buy low, pulling XRP above $0.19. Initially, the goal was to quickly rise on the fresh found demand and increased volatility to reclaim the position above $0.20. However, the bullish momentum lost momentum shy of $0.1950 on Friday. Since then, gains towards $0.20 have been limited.
XRP/USD currently trades at $0.1924 and facing growing selling pressure at the 50 SMA in the 1-hour range. Further up, the 100 SMA could make the push for recovery difficult at $0.1976. For now, Ripple’s immediate downside is held in position by ascending trendline support. Holding above this line is vital in ensuring that declines do not continue in the near term.
Meanwhile, looking at the technical picture, Ripple is poised to embrace a sideways trading action. For instance, the RSI has slowed down the recovery from the minor dip and moving horizontally at 48. Recovery above the average (50) could encourage more buyers to join the market in a bid to close the weekend session above $0.20. On the other hand, the RSI confirms that sideways trading is here to stay. Therefore, we can expect consolidation to be the dominating factor in the short term.
XRP/USD 1-hour chart
 (33)-637276331339928374.png)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP show signs of bullish momentum
Bitcoin’s price is approaching its key psychological level of $100,000; a firm close above would signal the continuation of the ongoing rally. Ethereum price closes above its upper consolidation level of $3,522, suggesting bullish momentum.
Crypto Today: PEPE, Solana, BTC in early lead as Elon Musk, Michael Saylor spark 2025 market rebound
The cryptocurrency sector valuation crossed $3.4 trillion on Friday, having increased by $253 billion within the first 3 days of 2025. The crypto market rebound has been linked to positive speculations on Trump's upcoming inauguration.
XRP Price Prediction: XRP overtakes USDT after Ripple unlocks 500M ahead of Trump inauguration
Ripple price reached a 14-day peak of $2.5 on Friday, as the mega-cap altcoins make a positive start to 2025. With market sentiment still trending cautious, on-chain data suggests XRP price could potentially score larger gains.
Bitcoin, Ethereum options worth $2.6 billion expire with correction as a major theme this week
Bitcoin and Ethereum options that expired on Friday have a combined notional value of over $2.6 billion. BTC and ETH prices are hovering around key support levels, recovering from the holiday dip in the last week of 2024.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.