XRP Price Stays Range-Bound as RSI Hits 60.53 and Resistance Emerges at $2.89
- XRP is now at $2.88, up 0.5% from yesterday, with resistance at $2.89 and support at $2.81.
- RSI of 60.53 suggests mild buying pressure, while MACD values suggest weak but constant momentum in the market.
- Price is in a tight 24-hour range, suggesting an evenly contested struggle between buyers and sellers at near current levels.
XRP showed new strength as the token crept up within its intraday trading range. The cryptocurrency traded at $2.88 last, a modest 0.5% increase in the past 24 hours. The activity was paired with buying that tested upper resistance of $2.89, and price action also respected support points of about $2.81.
This combination placed XRP in a narrow but active zone where both upward and downward pressures remain visible. The development followed several hours of mixed performance that preceded the sharp push visible on lower timeframe charts.
Resistance Tested After Modest Price Climb
The most notable feature of the session was XRP’s approach toward the $2.89 resistance level. Price attempted to break above this barrier after holding steady above $2.81. This level continues to serve as a key support base for the asset.
Market data also shows that intraday ranges stayed confined between these two points, highlighting a short-term consolidation phase. The upward pressure emerged after consistent buying across shorter intervals, which allowed XRP to briefly test new session highs.
Momentum Indicators Reflect Current Market Conditions
Technical indicators validated the tight conditions of trading around the token. The relative strength index (RSI) closed near 60.53, showing relatively high buying interest but still short of overbought positions. In contrast, the moving average convergence divergence (MACD) chart was showing readings of 334.05M and 320.04M, with the histogram being 14.02M.
The readings show persistent attempts by buyers to push momentum higher, even with the moves quite contained. Balance between the RSI and MACD suggests that even as buying is gaining traction, sentiment is still guarded.
Support Levels Provide Ongoing Market Structure
As XRP continues to fluctuate within its short-term channel, support around $2.81 plays a vital role in stabilizing price action. This base level has consistently prevented deeper retracements in the past sessions. The persistence of this support is notable since it balances the frequent attempts to move past $2.89 resistance.
Consequently, the token remains positioned in a tight range where either side could influence near-term movement. Traders continue to track the 24-hour range closely as market momentum develops from these levels.
