Eseandre Mordi
⬤ XRP kicked off the week with solid bullish momentum on the XRP/USDT chart after a powerful upward push. The price recently hit a high around $1.92 and hasn't pulled back much since then, now hovering in the $1.91–$1.92 zone. Instead of giving up ground, XRP is holding steady near the top, which keeps the short-term outlook pointing up.
⬤ The technical picture shows XRP sitting comfortably above all its key moving averages. The 7-period EMA is around $1.90, the 25-period EMA near $1.89, and the 99-period EMA down at roughly $1.87. This clean stack signals a healthy bullish structure. Momentum indicators back that up too—the MACD is in positive territory and the RSI reading above 80 shows strong buying pressure. Volume spiked during the rally and has cooled off a bit during this consolidation phase, which suggests real participation drove the move higher.
⬤ Right now, XRP is trading in a tight range near the top of its recent surge, with volatility settling down after the initial jump. The short-term moving averages are climbing toward the current price, typically acting as support beneath. This combo of consolidation near highs, rising averages, and elevated RSI tells us XRP is taking a breather while keeping its upward bias intact.
⬤ This setup matters because XRP remains one of crypto's most-watched assets. When it holds above key support levels like this, it can help boost confidence across the broader market. Whether XRP keeps defending these levels or cools off from overbought territory will likely shape near-term sentiment as trading unfolds.
Eseandre Mordi
