XRP Price Watch: Momentum Indicator and MACD Turns Bearish Amid Sideways Action

CN
20 hours ago

On the 1-hour chart, XRP displayed characteristics of a micro-consolidation phase following rejection at $3.179. This resulted in five consecutive red candles, with minor recovery signs that suggest a possible short-term squeeze. Volatility has been narrowing, typically a precursor to a larger directional move. Technical patterning hints at a potential bull flag, contingent upon $3.12 support holding and a confirmed breakout above $3.18. This level remains pivotal for traders anticipating a rebound toward higher resistance zones.

XRP Price Watch: Momentum Indicator and MACD Turns Bearish Amid Sideways Action

XRP/USDC via Binance 1-hour chart on July 31, 2025.

The 4-hour chart reinforces a bearish-to-neutral bias, reflecting a series of lower highs and lower lows since the recent peak at $3.332. A descending triangle is evident, with horizontal support solidifying around $3.00 while resistance trends downward. Notably, selling volume has outpaced buying, highlighting prevailing bearish sentiment. Although $3.00 has successfully held twice, the lack of upward follow-through casts doubt on bullish momentum. A failure to decisively break $3.20 could result in another test of the $3.00 support level.

XRP Price Watch: Momentum Indicator and MACD Turns Bearish Amid Sideways Action

XRP/USDC via Binance 4-hour chart on July 31, 2025.

On the daily chart, XRP experienced a strong rally from approximately $2.07 to $3.66 before encountering steep resistance and a retracement. Current consolidation within the $3.10–$3.20 range indicates a potential distribution phase or the early stages of a trend reversal. The volume surge at the peak and subsequent decline in momentum align with this narrative. Technically, the formation of lower highs poses a risk of further downside unless the price breaks above the $3.40–$3.66 resistance corridor with significant volume. For now, the short-term daily bias leans neutral to bearish.

XRP Price Watch: Momentum Indicator and MACD Turns Bearish Amid Sideways Action

XRP/USDC via Binance daily chart on July 31, 2025.

Oscillator readings present a mixed sentiment landscape. The relative strength index (RSI) stood at 57.65, reflecting neutral momentum, while the Stochastic oscillator indicated a modest oversold recovery at 25.30, also classified as neutral. The commodity channel index (CCI) posted −17.82, and the average directional index (ADX) came in at 43.93, both suggesting a lack of directional strength. The Awesome oscillator printed at 0.336, maintaining neutrality, but the momentum indicator registered at −0.416, prompting a bearish signal. Meanwhile, the moving average convergence divergence (MACD) level of 0.1527 supported the bearish bias with a corresponding negative designation.

Moving averages (MAs) further corroborate a bifurcated market structure. The 10-period exponential moving average (EMA) at $3.1617 and the 10-period simple moving average (SMA) at $3.1912 both generated bearish signals. However, medium- and long-term indicators leaned bullish, with the 20-, 30-, 50-, 100-, and 200-period EMAs and SMAs all indicating positive conditions. These include the 50-period EMA at $2.7745 and the 200-period EMA at $2.3190. This divergence suggests a strong, longer-term uptrend remains intact despite short-term corrective pressures.

Bull Verdict

XRP’s long-term bullish structure remains intact, with a suite of medium to long-term moving averages confirming upward momentum. Despite short-term weakness and consolidation, the preservation of key support levels near $3.00 and the potential for a breakout above $3.18 suggest upside opportunities remain viable. A reclaim of $3.40 with volume could reinitiate the bullish rally.

Bear Verdict

The technical landscape reveals mounting short-term pressure, evidenced by descending triangle formations, a stalled recovery, and multiple oscillators showcasing bearish signals. Without a decisive break above $3.20, XRP risks further downside toward or below the $3.00 support zone. Momentum’s and MACD’s bearish signals reinforce a cautious stance in the near term.

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