• XRP is trading at 2.78 following a 1.58% drop in a day and is having a support at 2.71.
• Our 4-hour RSI is already on the oversold side of 39.28, with cooling action in the structure.
• Resistance is strong at $2.83 and constrained liquidity below price reduces immediate downside risk.

XRP is trading at $2.78 after a 1.5% decline in the past 24 hours. The token has pulled back into a strong area of support, and market activity is currently centered around whether or not buyers can hold the $2.71 level. The price zone had previously acted as resistance before being converted into support, and the retest aligns with the Relative Strength Index (RSI) showing levels of oversold on the 4-hour chart. Such correlation brings closer attention to short price reactions in this interval.

XRP Holds $2.71 Support as RSI Nears Oversold

The 4-hour RSI currently reads near oversold territory, sitting at 39.28. Notably, this level has often marked periods where XRP experiences short-term recoveries. Price now rests above the $2.71 support, an area repeatedly tested within recent weeks. The ability to hold here remains significant, especially as sellers continue pressing price within the broader downtrend structure

The 24-hour range reflects restrained trading between $2.71 support and resistance at $2.83. This consolidation highlights reduced momentum compared to earlier sessions. Compared to Bitcoin, XRP is trading at 0.00002559 BTC, equivalent to 1.7% increase in the same time frame. The comparative strength against BTC provides a backdrop to the token short-term structure, despite the U.S. dollar-values that are contained within tight ranges. The boundaries are also critical in setting short term direction.

Liquidity Factors and Market Structure

Liquidity conditions also shape the current setup. On the hourly chart, liquidity below price appears limited, suggesting reduced downside pressure in the near term. However, overhead resistance continues to weigh near $2.83, where sellers have remained active. This balance leaves the market watching whether the recent oversold RSI reading combines with structural support to keep price within the current range. For now, XRP remains caught between liquidity dynamics and well-defined horizontal levels, which frame the short-term market outlook.