Market Overview for XRP/Mexican Peso (XRPMXN) on 2025-10-26

• XRP/Mexican Peso (XRPMXN) traded in a narrow range most of the day before a late surge to close above 48.79.
• Key resistance at 49.342 and support at 47.997 were tested, with price consolidating near 48.798.
• Low volume and turnover suggest limited conviction in recent price moves.
• A bullish engulfing pattern formed at 09:30 ET as price broke above a key consolidation level.
• RSI entered neutral territory and MACD remains near zero, indicating mixed momentum signals.

XRP/Mexican Peso (XRPMXN) opened at 48.212 at 12:00 ET − 1 and closed at 48.798 by 12:00 ET on 2025-10-26. Price ranged between 47.997 and 49.342, with a 24-hour volume of 1,360.8 and turnover amounting to approximately 67,124 MXN. The pair showed minimal volatility for much of the day before a late afternoon push higher.

Structure & Formations

Price remained in a tight consolidation range until around 09:30 ET when a bullish engulfing pattern emerged, indicating a reversal from 48.427 to 49.0. A second bullish bar followed at 09:45 ET, pushing price to 49.342. However, price failed to hold above this level and retreated back to 48.798, with 48.212 and 47.997 acting as key support levels. A bearish rejection was observed at 49.342, while 47.997 held firm as a psychological support.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed near 48.34–48.42, aligning with the price consolidation phase. Price broke above the 50SMA during the morning bullish breakout. For daily context, the 50DMA and 200DMA would typically be positioned around 47.80–48.20, placing current price above both and suggesting a potential continuation of the uptrend, if volume supports it.

MACD & RSI

The MACD remained near zero for most of the 24-hour period, signaling a lack of strong momentum. A small positive crossover occurred during the 09:30–09:45 ET rally, aligning with the bullish engulfing pattern. The RSI hovered around the 50 level for most of the session, suggesting neither overbought nor oversold conditions. Price did not reach the overbought threshold at 70, indicating limited bullish conviction.

Bollinger Bands

Bollinger Bands showed a slight expansion during the morning bullish breakout, with price briefly exceeding the upper band at 49.342. The midline sat near 48.4–48.5, while the lower band hovered around 47.99–48.00. Price tested the lower band twice, at 19:45 and 22:00 ET, before bouncing back.

Volume & Turnover

Volume was extremely light in the early hours, with most sessions registering zero volume. A significant increase occurred at 16:45, 18:45, and 19:45 ET, but this was followed by a bearish reversal. The largest single-volume bar occurred at 09:45 ET with 20.5 units, coinciding with the push to 49.342. However, price failed to follow through, suggesting volume did not confirm the breakout.

Fibonacci Retracements

Applying Fibonacci to the swing low at 47.997 and swing high at 49.342, key retracement levels were 48.798 (61.8%) and 48.48 (38.2%). Price reached 48.798 on the final bar and held near it at close, indicating potential consolidation at this level. A break above 48.798 would target the next level at 48.98, while a drop below 48.48 could trigger a retest of 48.212.

Backtest Hypothesis

Given the late-day bullish engulfing pattern and the 61.8% Fibonacci retracement holding at 48.798, a potential backtest strategy could involve a long entry on a confirmed breakout above 48.80 with a stop-loss below 48.50. This aligns with the morning 50SMA crossover and the RSI neutrality, suggesting that a continuation of the upward bias may be probable if volume increases.