XRP Price Prediction: XRP Has Been on Quite the Ride Recently, with Significant Volatility and Price Fluctuations

XRP has been on quite the ride recently, with significant volatility and price fluctuations. After a noticeable pump, technical indicators now show that the asset could be preparing for another leg up.

After a noticeable pump, technical indicators now show that the asset could be preparing for another leg up.

According to crypto expert Ali, in recent times, XRP’s price action has formed a head-and-shoulders pattern on higher timeframes. This pattern usually signals an impending consolidation or accumulation phase.

The crypto trader explained that the recent price action is now showing signs of an impending leg up.

“We’re seeing fib confluence at 0.382 and a potential triple bottom forming at 0.236 fib. MACD is showing an earlier sign of bullish convergence with the signal line.”

Relative Strength Index (RSI) is showing neutral momentum at 48.18, MACD is showing an earlier sign of bullish convergence with the signal line, Directional Movement Index (DMI) readings are at +42.5/-20.5, Average Directional Index (ADX) is showing strong trend at 34.8.

“Volume profile is showing a 1.60x buy volume ratio over the past 15 candles, which could indicate that there’s still some healthy accumulation going on. We’re also seeing a slight Bollinger Band squeeze, which can sometimes precede a breakout or a strong move in one direction.”

suggesting that the token is trading under favorable conditions for large-scale institutional traders.

“Crucial support to watch is at $2.29, which could be tested again if the price faces more selling pressure. Traders should also be aware of the broader market correlation and the potential resistance at $2.59.”

For those traders who prefer to take a more bullish stance, they should be looking for a break above $2.47, to signal the start of an upward move toward $2.59.

On the other hand, for those who are more risk-averse, they may find better risk/reward ratios by entering on retests of the $2.29 support level.

Given the low volatility environment, traders are advised to use very tight stops to manage their risk effectively.

Those who entered at the fib 0.236 level around $2.26 could consider a 100-150 point (pips) stop.

The current trading range for the token is between $2.29 and $2.47, and a breakout from this zone could lead to a significant price action in either direction.

suggesting that the token is still largely undervalued and has potential for further upside.