|

Ripple price analysis: XRP/USD stays in a range, as nothing happens on the market

  • XRP is capped by $0.5600 on the upside, no signs of upcoming breakthrough.
  • The key support is seen at $0.5020.

Ripple, the third largest coin by market value, is changing hands at $0.5360, off Wednesday's low at $0.5229, but still way below critical $0.5600. The coin is 1.3% higher than this time yesterday but mostly unchanged on the day. Ripple's market value is estimated as $21.1B, with trading volumes $218B, down from Wednesday's $270B. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp.

Ripple technical picture

From the technical perspective, XRP/USD is rangebound with $0.5600 (which is 78.6% Fibo retracement level) creating a strong resistance, while the recent low at $0.5020 serves as a floor. A clear breakthrough in either direction will trigger a strong movement with the next strong obstacle located at $0.6470 (61.8% Fibo) followed by $0.6550, which is created by 50-DMA. On the downside, the ultimate bearish target at $0.4500, this is the lowest level of 2018, reached in April.

XRP/USD, the daily chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.

Bitcoin extends gains as ETF inflows persist despite broadening US-Iran war

Bitcoin hovers around $73,000 on Thursday, driven by the US Stock market recovery, boosting risk-on sentiment. Data shows analysts are mostly bullish on Bitcoin, citing renewed demand from institutional investors, on-chain holders, and the derivatives market.

Crypto Today: Bitcoin, Ethereum, XRP hold weekly gains despite US-Iran war

The cryptocurrency market is gaining strength on Thursday, building on Wednesday's upswing, which saw Bitcoin reach a weekly high above $74,000. Ethereum and Ripple are moderating their recent gains amid uncertainty stemming from the escalating war in the Middle East.

Pi Network eyes breakout rally as broader market recovers

Pi Network (PI) price extends gains above $0.1900 at press time on Thursday, following a 7% increase the previous day. The upcoming token unlock of more than 20 million PI tokens on Saturday looms over the short-term recovery. 

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.