XRP [Photo: Reve AI]

[DigitalToday reporter Yoonseo Lee] XRP has entered a key zone that could determine its next move between a short-term support line and an upper resistance line.

On Oct. 1 (local time), the blockchain outlet The Crypto Basic said XRP is being tested for direction between $1.4466 and $1.5815.

XRP rose to near $1.70 in the week ended Aug. 17, but the uptrend later broke and it slid to $1.25 in mid-September. Buying interest defended that area, helping it regain $1.50, but it faced resistance again near $1.6569. The current price is around $1.48.

Technically, the weekly Bollinger Bands stand out first. The upper band is $1.5815, just above the current price, and the lower band is set at $1.24. The $1.24 to $1.25 area previously acted as actual support during the correction after the August high. For that reason, it is cited as a zone the market could check again if XRP comes under additional downside pressure.

The more important level right now is $1.4466, the lower Bollinger Band on the daily chart. If XRP falls below that level, the $1.24 to $1.25 range could come back into view. If it holds above $1.4466, it leaves room for another challenge of resistance at $1.5815.

Trend strength has also weakened from before. On the weekly directional movement index (DMI), +DI is falling to 28.57, and the average directional index (ADX) is also declining to 28.46. -DI, which indicates downside pressure, is also trending lower at around 17.15, but the key point is that the strength of the uptrend itself is shrinking.

Short-term momentum has also weakened. The daily MACD histogram recorded positive bars for 9 straight sessions, then turned negative in late September. The MACD line is 0.0424 and the signal line is -0.0047, so it cannot be conclusively defined as a full bearish turn, but it is read as a sign that selling pressure is growing.

Money flow is also a burden. On Binance's daily chart, the Chaikin Money Flow rose to 0.01 on Sept. 22, briefly improving buying pressure, but later fell to -0.08. A shift into negative territory means outflows from XRP have strengthened, and it was presented as a factor adding to recent price pressure.

As a result, market attention is again focused on two price levels. If XRP regains $1.5815, $1.6569, which blocked the previous rebound, could stand out as the next resistance line. If it loses $1.4466, the likelihood of retesting the $1.24 to $1.25 area grows. Ultimately, whether XRP successfully defends $1.4466 and whether it pushes back above $1.5815 remain variables that will determine whether this correction stabilises.

Keyword

#XRP #Bollinger Bands #DMI #MACD #Binance
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