XRP is taking a bull breather a day after Donald Trump sounded plans for a strategic token reserve alongside bitcoin (BTC), ether (ETH), cardano (ADA) and solana (SOL).
The payments-focused cryptocurrency rallied 25% within hours of Trump’s Truth Social post, reaching $3, but has since pulled back to $2.6 at press time. Prices have pulled back to the descending trendline from Jan. 16 highs.
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Among technical indicators, the relative strength index (RSI), which measures if price is moving too fast, rose to 70 late Sunday and has retraced to 48 from above-70 or overbought readings observed late Sunday, signaling potential for a renewed move higher.
However, prices remain below the 50-hour SMA ($2.65), signaling weakness, while the broader 200-hour SMA ($2.50) supports that remains intact.
The Moving Average Convergence Divergence hourly chart shows momentum shifts—its line crossing below the signal at $3 (now below zero) confirms a bearish turn after the rally.
Key levels
The 20-hour Bollinger Bands, which define a price range, show $2.9 as the upper limit and $2.4 as the lower, and with prices at $2.6 in the middle, it indicates reduced volatility after the earlier spike.
The rally to $3 exhausted buying pressure with RSI at 70 and a MACD crossover, supporting a pullback. The breach of the 50-hour SMA reflects short-term bearish control, but the 200-hour SMA at $2.5 is critical support.
Current price ($2.62) is at a pivot: a break below $2.50 risks further declines, while a move above $2.65 could target the $3 level and above. Momentum favors bears short-term, and speculators could watch volume and a decisive move for further positioning.