XRP Holds Key Levels as Bullish Momentum Persists
Ripple's XRP is making waves in the crypto market, with the company aiming to expand a payment pilot that runs through the ledger’s decentralized exchange (DEX). This initiative could see XRP in lending pools funding Ripple’s payment customers, though increased network activity does not always translate to higher token value. Despite this, the XRP ETFs have seen positive monthly net flows for six consecutive months, though the 90-day Futures taker CVD has been negative for over a month.
The XRP price prediction remains bullish in the long term, following a bullish shift in the swing structure on the daily timeframe in August. This surge in buying pressure pushed the Chaikin Money Flow (CMF) to a peak of +0.29, though it has since slumped into negative territory. The Relative Strength Index (RSI) stayed above neutral 50, indicating sustained bullish momentum, while the On-Balance Volume (OBV) has been in an uptrend since August but has seen a pullback over the past two weeks.
In the short term, XRP is range-bound between $1.45 and $1.65, with the altcoin stuck below the mid-range resistance at $1.55. The 1-month liquidation heatmap highlights $1.44 and $1.57 as key levels that could influence price movement. Traders are advised to watch these levels closely, as a failed breakdown below $1.45 or a bullish breakout past $1.55-$1.57 could offer buying opportunities.
The higher timeframe structure suggests the next move is likely to be bullish. Therefore, traders can consider entering the market if the price holds above $1.45 or breaks out above $1.55-$1.57, especially if the broader crypto market shows strength.