XRP has a crucial level of support at $2.35. Is it possible to trigger a price rebound to $2.55, holding this? Intermediate signals and an increasing network activity are the signs of the crucial days to come.
XRP is at a pivot where it is trading at around 2.39 with an approximate 2.35 support point, according to CoinMarketCap.
The token has slowed down following a recent increase of 6.75 percent, and its future direction remains uncertain. The future days will determine the direction of XRP.
Should the level of 2.35 be maintained, then XRP may rebound to the 50-day exponential moving average of 2.55.
In the event of a slip, the price might drop to $1.96. These thresholds are tracked keenly by the traders as the line between recovery and loss.
Conflicting Technical Signals Stir Uncertainty
Technical indicators are ambiguous. The RSI decreased to 47, less than the 50 mark, indicating less momentum and a possible bearish direction.
In the meantime, the MACD is a clear sign of a positive convergence that could signal an upward trend as long as the 2.35 support is maintained.
These contradictory indicators cause ambiguity: RSI is attracting downward pressure, and MACD may provoke a short-term revival. The result of this tug-of-war will define investor attitude and behavior.
Rising Network Activity Fuels Optimism
Bullish position is supported by on-chain data. The number of active addresses of XRP reached its highest point since August.
The price increases are observed to follow the increase in user activity in the past, indicating increased demand and liquidity.
The fundamentals of the coin become stronger than the charts can demonstrate as additional users transact within the XRP ledger.
