XRP Holds $2.20 Support as April 30 Nears – ETF Buzz Fades, Traders Eye Next Move
- XRP holds $2.20 support ahead of April 30 as traders monitor tightening Bollinger Bands and fading ETF momentum.
- MACD indicator shows weakening bullish signals, raising concerns about XRP’s ability to sustain its recent gains.
- ProShares confirms no XRP spot ETF launch on April 30, cooling earlier speculation about immediate market catalysts.
XRP is currently trading near $2.28, slightly below its recent high of $2.35, and just above key technical support at the 50-day Exponential Moving Average (EMA) of $2.20. The token has faced renewed resistance near $2.50, capping upside momentum going into the final trading day of April.
This 50-day EMA has emerged as a key support zone for XRP, while the 20-day EMA, currently sitting at $2.17, has shown reliability during past pullbacks. Together, these levels could define whether XRP consolidates or breaks down in the near term.
MACD Indicator Signals Weaker Momentum for XRP Price
On the daily chart, the Moving Average Convergence Divergence (MACD) shows the blue MACD line still above the orange signal line, which is typically bullish. However, the MACD histogram is shrinking—indicating that upward momentum is …
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XRP Holds $2.20 Support as April 30 Nears – ETF Buzz Fades, Traders Eye Next Move
- XRP holds $2.20 support ahead of April 30 as traders monitor tightening Bollinger Bands and fading ETF momentum.
- MACD indicator shows weakening bullish signals, raising concerns about XRP’s ability to sustain its recent gains.
- ProShares confirms no XRP spot ETF launch on April 30, cooling earlier speculation about immediate market catalysts.
XRP is currently trading near $2.28, slightly below its recent high of $2.35, and just above key technical support at the 50-day Exponential Moving Average (EMA) of $2.20. The token has faced renewed resistance near $2.50, capping upside momentum going into the final trading day of April.
This 50-day EMA has emerged as a key support zone for XRP, while the 20-day EMA, currently sitting at $2.17, has shown reliability during past pullbacks. Together, these levels could define whether XRP consolidates or breaks down in the near term.
MACD Indicator Signals Weaker Momentum for XRP Price
On the daily chart, the Moving Average Convergence Divergence (MACD) shows the blue MACD line still above the orange signal line, which is typically bullish. However, the MACD histogram is shrinking—indicating that upward momentum is …
The post XRP Holds $2.20 Support as April 30 Nears – ETF Buzz Fades, Traders Eye Next Move appeared first on Coin Edition.
Read More