TLDR
- XRP’s TD Sequential indicator generates buy signal at $2.86, suggesting selling pressure may end
- Token currently trades at $2.88, testing critical .618 Fibonacci retracement support
- RSI at 42 shows oversold conditions while MACD remains negative
- Elliott Wave analysis identifies $3.41 as next target if current support holds
- Key resistance levels at $2.93, $3.08, and $3.20-$3.22 must break for upward momentum
XRP price is trading at $2.88 as technical indicators show conflicting signals. The TD Sequential indicator has flipped to buy mode at $2.86, marking a potential shift in market sentiment.
The token has been consolidating between $2.82 and $2.88 over recent sessions. This sideways action follows several days of downward pressure that tested investor confidence.
Current technical metrics reveal mixed conditions. The RSI stands at 42, indicating oversold territory. The MACD histogram continues showing negative readings.
XRP remains below its 9-day DEMA, which now acts as immediate resistance. The 20-day SMA sits at $3.08, representing the mean-reversion target for any bounce.
The token is pressing against the lower Bollinger Band near $2.78. This level has provided crucial support during the recent decline.
XRP Price Prediction
The $2.88 price point aligns with a .618 Fibonacci retracement level. This technical confluence creates a strong foundation for potential price recovery.
Elliott Wave analyst CasiTrades identifies this area as a textbook subwave 2 completion. This pattern suggests XRP could enter subwave 3, typically the strongest phase of an impulse wave.
If support fails, the next defensive zones appear between $2.72 and $2.70. A deeper correction might extend to $2.62.
The current support test represents a make-or-break moment for XRP’s short-term outlook. Price action over the next few sessions will determine whether the TD Sequential signal proves accurate.
Resistance Targets Ahead
Bulls face their first challenge at $2.93, where the former support has flipped to resistance. A daily close above this level would shift momentum from bearish to neutral.
The $3.08 resistance coincides with the 20-day moving average. Breaking this level would reduce selling pressure and open the path to higher targets.
Additional resistance appears at $3.20-$3.22, followed by the upper Bollinger Band at $3.38. Elliott Wave projections point to $3.41 as the ultimate target.
The $3.21 level serves as a critical marker according to wave analysis. A break above could trigger a backtest before continuation higher.
Current price structure suggests XRP is walking along the lower Bollinger Band. This pattern typically indicates trend continuation rather than sharp reversals.
Market participants are watching whether XRP can build on the TD Sequential buy signal. The same indicator successfully predicted the recent peak, lending credibility to its current reading.
XRP continues testing the $2.88 support zone as technical analysis points to a potential inflection point.
