The XRP price barely moved yesterday and stayed in the $2.15-2.20 trading range. We predicted that if XRP manages to break through $2.26 then $2.30-2.35 could be in sight, but that didn’t happen.

Let’s see where the XRP price is headed today.

XRP is now trading at $2.183 as of April 26. Looking at the 4-hour chart on Bitstamp, the price has been moving sideways in a tight consolidation pattern for several days. The 200-day moving average sits around $1.982 and continues to act as strong dynamic support for XRP.

The recent price action shows the XRP price had a surge around April 22-23 which formed a local high just above $2.25. Since then, it has been stuck in a narrow trading range between $2.17 and $2.20. This pattern resembles either a bullish flag or symmetrical triangle formation, which typically precedes a move in either direction.

Support for XRP can be found at $2.15, which comes from the previous consolidation area. Below that, the psychological $2.00 level offers additional support, with the 200-day moving average at $1.98 acting as a strong long-term support level. On the resistance side, XRP faces immediate hurdles at $2.22 (the recent local top) and the $2.30-$2.35 range representing the April high points.

While volume isn’t displayed directly on the chart, the price behavior suggests declining volume during this consolidation period. This volume contraction often happens before a significant breakout move.

The technical indicators present a mixed but slightly optimistic picture for XRP. The RSI currently reads 54.82, showing a neutral market position with a slight bullish bias. This suggests there’s still room for upward movement before the token becomes overbought.

The MACD sits at 0.001, signaling a neutral to slightly bullish crossover zone. This indicator is barely positive but could gain momentum if buying pressure increases. The Commodity Channel Index (CCI) shows a reading of -86.29, suggesting mildly oversold conditions that might set up a potential bounce in price.

The Ultimate Oscillator stands at 53.34, pointing to neutral or slightly bullish sentiment among traders. Meanwhile, the Rate of Change (ROC) indicator reads -1.213, showing weakening momentum that might be losing steam. The Bull/Bear Power indicator is almost perfectly neutral at -0.0053, with a very slight bear dominance.

For April 26, XRP could follow one of two main scenarios based on the technical setup:

In the bullish scenario, if XRP breaks out of its current tight consolidation and pushes above the $2.22 resistance level, we could see it test $2.30 first as a minor resistance point. With continued momentum, XRP could reach for the April high of $2.35. Under particularly favorable conditions, if momentum accelerates and Bitcoin remains stable, even the $2.50 level might come into play.

This bullish move would likely need the RSI to climb above 60, the MACD histogram to expand in positive territory, and the ROC to turn positive during intraday trading.

In the bearish scenario, if XRP breaks below the $2.15 support level with increasing volume, it could fall to test the $2.05 demand zone first. If selling pressure continues, the price might drop to the 200-day moving average at $1.98, which should provide strong support.

In a more severe downward move, XRP could test the major support from April 8-10 at around $1.85. This bearish scenario might unfold if the CCI continues declining, the Bear/Bull power becomes more negative, or if broader market weakness affects crypto assets.

Of course, the XRP price could very-well stay in the $2.15-2.20 range today considering it’s the weekend and not much is going on in the market right now.

Read also: XRP Too Big to Buy? AI Picks the Better Bet: XCN or XLM

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

The post XRP Price Prediction for Today (April 26) appeared first on CaptainAltcoin.

364 +