**XRP Technical Analysis**
XRP is currently testing the **$0.47** support level, a critical zone that has repeatedly acted as both psychological and technical support since early 2024. The price remains under bearish pressure, trading below key moving averages (50-day at **$0.52**, 200-day at **$0.55**), reflecting persistent selling interest. Volume has been subdued during recent declines, indicating a lack of strong buying momentum.
The daily RSI hovers near **38**, approaching oversold conditions but not yet signaling a reversal. The MACD remains below its signal line, though the histogram shows slight convergence, suggesting potential weakening of downward momentum. Immediate resistance lies at **$0.52** (50-day MA), with stronger resistance at **$0.55**.
Fundamentally, XRP continues to face regulatory uncertainty despite partial legal clarity, limiting bullish catalysts. A break below **$0.47** could trigger a decline toward **$0.44**, while a reclaim of **$0.52** with volume could indicate short-term stabilization. Monitor Bitcoin’s movement for broader market cues.
XRP is currently testing the **$0.47** support level, a critical zone that has repeatedly acted as both psychological and technical support since early 2024. The price remains under bearish pressure, trading below key moving averages (50-day at **$0.52**, 200-day at **$0.55**), reflecting persistent selling interest. Volume has been subdued during recent declines, indicating a lack of strong buying momentum.
The daily RSI hovers near **38**, approaching oversold conditions but not yet signaling a reversal. The MACD remains below its signal line, though the histogram shows slight convergence, suggesting potential weakening of downward momentum. Immediate resistance lies at **$0.52** (50-day MA), with stronger resistance at **$0.55**.
Fundamentally, XRP continues to face regulatory uncertainty despite partial legal clarity, limiting bullish catalysts. A break below **$0.47** could trigger a decline toward **$0.44**, while a reclaim of **$0.52** with volume could indicate short-term stabilization. Monitor Bitcoin’s movement for broader market cues.
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