XRP Technical Analysis
๐ XRP is currently trading at $1.08.
๐ The market bias is distinctly Bearish.
๐ Key immediate support is at $1.08.
๐ Key immediate resistance is at $1.09, followed by $1.12.
For Buyers: A sustained hold above $1.09 could lead to a retest of $1.12. A move above $1.12 is required to shift the short-term momentum.
For Risk Control: Use tighter stops or reduce position size if price breaks below $1.08.
MOVING AVERAGES
๐ EMA50 is at $1.12, acting as immediate resistance.
๐ EMA100 is at $1.20, providing critical resistance level.
๐ Price is trading below both EMA50 and EMA100, reinforcing the bearish outlook established by the MACD cross 8 bars ago.
BOLLINGER BANDS
๐ Price is currently positioned below the implied middle band of $1.09, within the lower half, indicating bearish strength. (Exact upper/lower band values are not provided.)
FIBONACCI LEVELS
๐ Key Fibonacci retracement at $1.23 acts as a significant resistance level, with extension at $1.73 marking a potential upside target should momentum decisively shift.
MOMENTUM (SRSI/MACD)
๐ Stochastic RSI K is at 33.0, indicating strong bearish momentum within the 30-50 bearish zone.
๐ MACD is below zero and below Signal, confirming a sustained bearish momentum regime following the bearish cross 8 bars ago.
August 4, 2026 135 1
