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Wednesday saw a 0.99% increase in XRP. Tuesday saw a 0.95% increase, and XRP concluded the day at $0.7163. For the first time in three sessions, XRP avoided falling below $0.69.

XRP Price Movement

XRP was down 0.74% at $0.7111 this morning. XRP experienced a bearish opening to the day, dropping from $0.7164 to a low of $0.7082.

daily chart

The $0.7870–$0.7737 resistance band was still being tested on the daily chart for XRP/USD, and XRP was under selling pressure. The 50-day ($0.6002) and 200-day ($0.4981) exponential moving averages were well above XRP, indicating bullish short-term and long-term price indications.

Notably, a bullish short-term trend was confirmed as the 50-day EMA drew further away from the 200-day EMA. Although the EMAs are sending positive signals, XRP is still within reach of the $0.6530 - $0.6417 support area due to the week's bearish start.

Looking at the 14-Daily RSI, the reading of 58.19 aligns with the EMAs and offers optimistic signals for the XRP price. The run at $0.75 to activate the resistance band between $0.7870 and $0.7737 is supported by the RSI.

Four-Hour Chart

On the 4-Hourly Chart, $0.75 is a significant point of resistance for the XRP/USD. XRP/USD is still trading below the $0.7870 - $0.7737 barrier area after Wednesday's positive session.

Additionally, XRP is trading below the 50-day exponential moving average ($0.7211) and above the 200-day moving average ($0.6281), giving bearish short-term but positive long-term price indications. Significantly, the 200-day EMA's 50-day EMA shrunk, indicating a rise toward $0.65.

A reading of 46.37 on the 14-4H RSI indicates a negative mood, with purchasing pressure outweighing selling pressure. An important alignment between the RSI and the 50-day EMA suggests a run at the $0.6530-$0.6417 support level

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