Right, so XRP, darling, was dawdling around $2.10 on April 17, 2025. Market cap a dizzying $122 billion, which, let’s be honest, is more than I’ve spent on shoes this year. Volume? A mere $2.50 billion. Honestly, who has that kind of money? 🤔 It was all happening between $2.07 and $2.11, a range so tight, even my Spanx have more give. Chart watchers are, apparently, “primed” for a break. Sounds exhausting.
XRP
One-hour view? Oh, joy. Unwinding a “compact wedge.” Sounds like something I get after a night out with too much Prosecco. Apparently, it’s been making “progressively higher lows” from a $2.035 trough. A trough! Makes it sound like XRP’s been pigging out. Can’t seem to vault past $2.13. Volume’s “compressed.” Like my schedule. Bulls are willing to defend $2.09. Bless. Sellers cap every spike towards the mid-$2.10s. Honestly, it’s like watching a tennis match. A close above $2.13? Momentum buying towards $2.20. A slip below $2.06? Back to the psychological $2 handle. Oh, the drama! 🙄
Four-hour chart. A descending channel from the April 14 swing high at $2.24. Swing high, indeed. Price recycling between $2 and $2.10. Just like my wardrobe. Falling top-side trend-line pressure. Tempers each rally. So tedious. Pullbacks into the $1.99–$2.00 zone attract “steady bid flow.” Sounds like someone’s really keen. Accumulation by “patient participants.” Good for them. I’m hardly ever patient. 🧘 XRP piercing $2.15 on convincing volume? Next resistance near $2.20–$2.22. Failure to hold $1.98? Invalidates the “constructive channel bias.” Oh, the jargon! I need a drink. 🍹
Daily timeframe. April’s washout to $1.61 looks like “capitulation.” Sounds dramatic. Higher lows marching price toward the $2.20–$2.25 supply shelf. Supply shelf? Is that where they keep the spare XRP? Volume on advances exceeds declines. Candle structure suggests bulls are testing the resilience of trend-line sellers from the late-March peak of $2.59. Seriously, who comes up with this stuff? A daily close north of $2.25? Confirms a mild trend change. Points to the untouched $2.40–$2.45 cluster. A rejection? Keeps the range-bound profile intact. So, basically, could go up, could go down. Got it. 👍
Oscillator readings. RSI at 48.3. Neither exhausted nor deeply discounted. The Stochastic oscillator holds near 75. Fading short-term overbuying without tipping bearish. The CCI at 29 and the ADX at 21 indicate “modest momentum.” The awesome oscillator’s marginal negative histogram. Coupled with a positive momentum print. A mixed picture! The MACD logs a “slight bullish crossover” at -0.048. Overall, “neutral-to-cautiously optimistic.” Awaiting a “definitive price catalyst.” Sounds like my love life. 🤷♀️
Moving-average signals. Highlight the market’s short-term tilt towards buyers. Emphasize stiff overhead friction. The 10-period EMA at $2.079 and the 10-period SMA at $2.051 flash bullish cues. The 20-period EMA at $2.104 flips to bearish. Longer baselines reinforce that narrative. The 30-, 50- and 100-period EMAs and SMAs all sit above spot and flash sell. The 200-period EMA at $1.959 and 200-period SMA at $1.919 remain supportive. XRP’s “compressed range atop rising long-term floors” favours a “breakout scenario.” Traders require a decisive settlement beyond short-term averages to unlock momentum. I’m starting to feel like I need a PhD in Crypto just to understand what’s going on. 🤯
Bull Verdict:
A decisive hourly break above $2.13 paired with a daily settlement beyond $2.25? Triggers follow-through buying toward $2.40. Confirms short-term bullish control. Extends the climb built on April’s capitulation low. Right, got it. So, buy? 🤔
Bear Verdict:
A drop below $2.06 that closes the day under $2.00? Tips momentum to sellers. Exposes the $1.95 safety net. Reopens the path towards the spring trough near $1.61. Basically, sell. 😱 Maybe I should just stick to shoes. 👠
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2025-04-17 17:30