XRP is trading at $1.10, up 1.46% in the last 24 hours, but remains under significant resistance pressure. The asset is currently capped below the daily 50 Exponential Moving Average (EMA) of $1.14. According to analyst ChartNerd, the price must clear the $1.60 weekly 50 EMA to confirm a long-term bottom. Technical indicators like the RSI (47.85) and MACD suggest a balanced market, with selling pressure easing but no bullish crossover yet. The market is waiting for a decisive move, with key levels at $1.14, $1.25, and $1.60 determining the next direction.
XRP remained within a narrow trading range as bulls struggled to gain strength, with technical analysis showing several key resistance zones ahead. At the time of writing, XRP is trading at $1.10, up 1.46% over the last 24 hours, according to CoinMarketCap.
Analyst ChartNerd provided a revised technical analysis on July 25, stating that XRP has stayed below a key moving average. “XRP remains capped beneath the daily 50 EMA at $1.14,” ChartNerd noted. The analyst added that even if the price clears that level, “$1.25 is still overhead, and the weekly 50 EMA around $1.60 is a larger hurdle before confirming a true bottom.”
XRP is currently trading below the daily 50 EMA, which has served as crucial resistance for weeks. Even if buyers break above this, another resistance stands near $1.25, while the weekly 50 EMA at $1.60 represents the toughest obstacle before confirming a long-term bottom. ChartNerd emphasized that investors must focus on market structure instead of short-term movements.
Current technical indicators show XRP is neither strongly bullish nor bearish. The Relative Strength Index (RSI) is at 47.85, slightly below the 50-level, indicating balanced buying and selling pressure. The Moving Average Convergence Divergence (MACD) line is at -0.00333, while the signal line is at -0.00618, with a positive histogram of 0.00285 signaling weaker selling pressure. A bullish crossover has yet to occur.
XRP price is awaiting its next big move, which will be dictated by broader market conditions. When Bitcoin and the overall digital asset market show strength, large-cap coins like XRP tend to gain from renewed investment flows. The first technical level to watch is $1.14, which still acts as a ceiling for bullish moves.
