Quick overview

Live XRP/USD Chart

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XRP is under pressure, trading around $3 as investors remain cautious at the start of the week. The altcoin dropped by more than 3% suggesting a possible slowdown in XRP’s short-term momentum.

 

According to Santiment data, realized profits have increased significantly, indicating that both short-term and long-term holders are selling off their holdings. Exchange flows support this; Coinglass data shows net inflows to exchanges hit $77 million, the highest since July 19. Such inflows often accompany selling pressure, suggesting XRP’s bullish attempts could be limited until external macroeconomic conditions stabilize.

XRP posted a surprising and sharp recovery after reaching the 100-day EMA near $2.7, pushing back above the 50-day moving average. The rebound temporarily boosted short-term sentiment and reversed what seemed to be a deeper decline.

However, rather than driven by new demand, the rally appears to be rooted in technical resilience. Volume remained low, and XRP struggled to break through the 26 EMA zone.

Reduced volatility indicates declining liquidity but also reduces the chance of sudden, large moves. Ongoing volume declines mean the token is trading below key moving averages. If a breakout happens without a strong catalyst, it could give false signals.

Monthly closes must remain above the horizontal bands drawn below the current price for the breakout to be valid.

These levels now serve as support and provide potential for further movement if XRP can overcome resistance levels. However, if the price falls back below them, the asset may lose momentum and retest lower levels. Steph’s analysis suggests that a clear upward path exists once XRP surpasses the $3.65 resistance level, considered critical by other analysts for a swift ascent.