XRP Price Prediction: $2.35 Support Key for $2.55 Rebound
XRP price is trading near $2.39 with a critical support at $2.35. If this level holds, technical analysis suggests a potential rebound to the 50-day exponential moving average at $2.55; failure risks a drop to $1.96. The RSI has dipped to 47, indicating bearish momentum, while the MACD shows bullish convergence, creating mixed signals for traders. On-chain data reflects the highest active addresses since August, signaling growing network use and stronger demand. Traders will watch $2.35 and $2.55 closely as key benchmarks for short-term recovery or further declines.
Neutral
The article presents mixed technical indicators: the RSI below 50 signals bearish pressure, while the MACD convergence suggests a bullish revival. Rising on-chain activity supports demand, yet the outcome hinges on maintaining the $2.35 support. Historical patterns show similar setups leading to short-term rebounds if support holds, but deeper corrections if it fails. This balance of opposing forces points to a neutral market impact in both the near and longer term.