XRP is demonstrating notable intraday strength, trading above the $2.30 support level while its daily candles remain compressed below a descending trendline acting as dynamic resistance. Over a 24-hour period, XRP has significantly outperformed Bitcoin, with a gain of over 12% compared to Bitcoin's minimal movement. This divergence suggests capital rotation among large-cap assets rather than a broad market move.
Technical analysis reveals a market in a transitory phase. The daily chart shows indecision, with candles compressed and volume activity supporting a neutral outlook. Price remains constrained beneath the descending resistance, with each recovery attempt stalling. However, the intraday structure signals more constructive momentum. XRP accelerated from a base between $2.11 and $2.15, breaking above $2.25 with a sharp increase in volume. Following an advance into the $2.38–$2.40 region, price entered a controlled consolidation with shallow pullbacks, indicating absorption rather than exhaustion.
Key technical levels frame the near-term outlook. Analyst CRYPTOWZRD identifies $1.9750 as a crucial tactical support level, where a brief dip followed by a bullish reversal could favor long setups. On the upside, the $2.40 level serves as immediate resistance, with a break above potentially targeting the psychological $2.50 area. The XRP/BTC pair shows a stair-step continuation pattern with higher lows, reflecting sustained spot demand and relative strength independent of Bitcoin's performance.
In a separate development, Reserve Rights (RSR) also experienced modest gains, trading at $0.002883 after a 2.3% daily increase. RSR's price action remains range-bound, holding above support at $0.002768 but capped below resistance at $0.002936. The next significant sell wall is positioned higher at $0.0035. RSR also showed relative firmness against major cryptocurrencies, gaining 1.6% against Bitcoin and 0.6% against Ethereum.
