|

Ripple market update: XRP/USD on fire, gaining 5% in a matter of hours

  • XRP price jumped above $0.3200, but the upside proved to be unsustainable
  • DMA100 is a strong barrier that caps the price.

XRP/USD jumped as high as $0.3267 during European hours, gaining over 5% in a matter of hours. While the coin has retraced from the recent high to trade marginally below $0.3200 at the time of writing, it is still nearly 3% higher than at the beginning of Wednesday. 

If the coin stays above $0.3200, the short-term technical picture will improve significantly, though from a longer-term point of view we will need to see a move above $0.3270. This barrier is created by a confluence of DMA100 and a sloping trendline from December 25 high. A sustainable move higher will signal the reversal of the trend.

On the downside, critical support lies with $0.3100 with DMA50 on approach. Once below, the sell-off may gain traction with the next focus on psychological $0.30. 

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.