Market Overview for XRP/Tether (XRPUSDT): Strong Bullish Momentum on 24-Hour Chart

• XRP/Tether rallied from 3.0144 to 3.1368 with a key breakout above 3.1000.
• Momentum accelerated in the final 6 hours, with RSI reaching 62.
• Volatility expanded significantly, with Bollinger Bands widening after 19:00 ET.
• On-balance volume surged to 283,334.3 at 10:00 ET, confirming bullish bias.
• Downturn after 05:45 ET failed to break below 3.0807, indicating short-term support.

XRP/Tether (XRPUSDT) opened at 3.0207 on 2025-09-17 12:00 ET and closed at 3.1368 on 2025-09-18 12:00 ET, reaching a high of 3.1397 and a low of 2.9814. Total volume amounted to 127,340,322.2 units, with a notional turnover of approximately $386.5 million. The pair has shown a clear bullish bias, with multiple breakouts and strong volume confirmation.

Structure & Formations

Price found strong support around the 3.08–3.09 level during the early morning hours and then surged northwards from 09:00 ET onward. A notable bullish engulfing pattern emerged at 09:00–09:15 ET after a brief pullback from 3.127. A key resistance at 3.1000 was decisively broken, followed by another at 3.1200, suggesting accumulation at higher levels. A 3.093–3.097 consolidation zone was tested twice with strong follow-through.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA (golden cross) around 03:15 ET and remained bullish through the close. The 50-period line provided dynamic support as price tested it multiple times. On the daily chart (extrapolated), the 50DMA appears just below the 3.1000 level, now acting as a key support-turned-trendline, with 200DMA sitting at 3.0450, indicating a strong uptrend.

MACD & RSI

MACD remained positive throughout the day, with a strong histogram divergence showing increasing momentum after 09:00 ET. The RSI peaked at 62 during the final hours of the day, suggesting growing bullish momentum but not yet overbought territory. An RSI divergence was observed after 02:15 ET, but the price quickly absorbed that bearish signal with a strong rally.

Backtest Hypothesis

A strategy that buys on a bullish engulfing pattern followed by a 50-period SMA crossover and holds through a 3.08–3.09 support test could yield favorable risk-reward. Given the current RSI momentum and confirmed breakouts, a 3.15–3.17 target appears reachable within the next 24–48 hours.

Bollinger Bands

Volatility expanded significantly as price moved above the upper band after 19:00 ET, a sign of strong conviction from buyers. The bands widened from a 3.03–3.05 range to a 3.09–3.15 range, indicating increased market participation and directional clarity. Price has spent most of the last 6 hours outside the upper band, a bullish sign for continuation.

Volume & Turnover

Volume spiked to 2.83 million units at 10:00 ET and another 1.44 million at 10:15 ET, coinciding with the 3.1100–3.1200 breakouts. Notional turnover also surged during these periods, confirming strength. A divergence was noted between price and volume after 05:45 ET when price pulled back but volume remained low, suggesting weak bearish pressure.

Fibonacci Retracements

Applying Fibonacci to the 2.9814–3.1397 range, the 3.1050–3.1100 level corresponds to the 61.8% retracement, which coincided with a key consolidation point before the final push. The 3.1200–3.1300 zone marks the 78.6% retracement and is likely the next target. A break above 3.1400 would signal a potential 3.1700–3.1800 extension.

Forward-Looking View

XRPUSDT has shown strong bullish momentum with multiple confirmed breakouts and positive volume confirmation. A continuation above 3.1368 could target the 3.1500–3.1700 range, with a 62–64 RSI target expected in 24–48 hours. Investors should remain cautious, however, as a retest of the 3.1000–3.1100 support could trigger a pullback if bearish momentum returns.