XRP is trading at $2.17 at the time of writing on Wednesday. The cross-border remittance token remains below the falling 50-day Exponential Moving Average (EMA) at $2.32, 100-day EMA at $2.47 and the 200-day EMA at $2.50, which will likely cap rebounds.
The Moving Average Convergence Divergence (MACD) indicator on the daily chart shows the blue line above the signal line and near the zero mark. The green histogram bars are edging higher, hinting at mild bullish momentum. At the same time, the RSI sits at 47 (neutral), reflecting balanced flows and a subdued bid. With the SuperTrend parked at $2.40 and the Parabolic SAR rising to $1.86, topside remains challenged while dips find trailing support.
Parabolic SAR below price at 1.8646 supports a gradual basing attempt, but the overhead SuperTrend at $2.40 and the 200-day EMA at 2.50 cap recovery ambitions. 📉 A decisive close above the 50-day EMA at $2.32 would tilt momentum in favor of bulls and expose the $2.40–$2.47 resistance corridor, while stalling under the moving averages would extend consolidation. Further widening in the positive MACD histogram would strengthen the near-term bias; if it flattens, range-bound conditions would persist. The RSI needs a break above 50 to validate traction; failure would leave the market vulnerable to renewed tests of the SAR trail at $1.86 #DecemberMarketOutlook
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XRP is trading at $2.17 at the time of writing on Wednesday. The cross-border remittance token remains below the falling 50-day Exponential Moving Average (EMA) at $2.32, 100-day EMA at $2.47 and the 200-day EMA at $2.50, which will likely cap rebounds.
The Moving Average Convergence Divergence (MACD) indicator on the daily chart shows the blue line above the signal line and near the zero mark. The green histogram bars are edging higher, hinting at mild bullish momentum.
At the same time, the RSI sits at 47 (neutral), reflecting balanced flows and a subdued bid. With the SuperTrend parked at $2.40 and the Parabolic SAR rising to $1.86, topside remains challenged while dips find trailing support.
Parabolic SAR below price at 1.8646 supports a gradual basing attempt, but the overhead SuperTrend at $2.40 and the 200-day EMA at 2.50 cap recovery ambitions.
📉 A decisive close above the 50-day EMA at $2.32 would tilt momentum in favor of bulls and expose the $2.40–$2.47 resistance corridor, while stalling under the moving averages would extend consolidation. Further widening in the positive MACD histogram would strengthen the near-term bias; if it flattens, range-bound conditions would persist.
The RSI needs a break above 50 to validate traction; failure would leave the market vulnerable to renewed tests of the SAR trail at $1.86
#DecemberMarketOutlook