XRP stays muted as weak retail demand continues, see the forecast.

crypthub

2 days ago

Market Overview

Bitcoin, Ethereum and Ripple each rose less than 1% in the past 24 hours as the crypto market steadied after Tuesday’s rally. Ripple held its $1.32 support level after failing to breach $1.40 resistance earlier in the week. Low retail demand and cautious sentiment keep price moves modest.

Geopolitical Impact

Tensions surrounding the US‑Iran cease‑fire keep market conditions fragile. Iran continues to block the Strait of Hormuz while the US warns of further strikes, sustaining uncertainty. The Fear & Greed index sits at 14, reflecting extreme investor caution.

Technical Outlook

XRP trades around $1.34, below the 50‑day (1.42), 100‑day (1.58) and 200‑day (1.83) EMAs, indicating a bearish bias. RSI near 54 and MACD just above zero suggest limited bullish momentum. Key resistance lies at $1.42, $1.58 and $1.73, with support at $1.30‑$1.28 and a breach opening the path to $1.10.

Future Risks

Open interest remains flat at $2.4 billion, underscoring weak retail participation that could keep XRP in a downtrend. The resolution of the two‑week cease‑fire will heavily influence short‑term direction. A sustained break above the EMAs could turn bias bullish; failure to hold support may trigger further declines.