Market Overview for XRP/Tether (XRPUSDT)

Summary
• XRPUSDT opened at $2.2253 and closed at $2.2640, forming a bullish divergence from 2.200 to 2.2775.
• RSI crossed into overbought territory, suggesting momentum is peaking near 2.2640.
• High volatility and volume surged during the final 3 hours, confirming breakout potential.
• Bollinger Bands expanded sharply as price approached upper band, indicating increased bullish pressure.
• A key support level appears to be forming at the 2.200–2.210 range, with resistance now at 2.2640.

XRP/Tether (XRPUSDT) opened at $2.2253 and closed at $2.2640 on November 7, 2025, hitting a high of $2.2775 and a low of $2.1635 during the 24-hour period. Total volume reached 76,051,117.2 units, with notional turnover of approximately $170.5 million, showing strong liquidity and participation.

The 15-minute OHLCV data reveals a dynamic trading session marked by a strong upward reversal in the final hours. A key support level formed between 2.200 and 2.210, where price found a floor multiple times before rallying. On the 15-minute chart, a bullish engulfing pattern emerged around 16:00–17:00 ET, confirming a breakout above the prior resistance at 2.2485. The price then pushed higher to a new intraday high, supported by rising volume and a tight RSI divergence that suggests strong conviction in the move.

Volatility spiked during the last four hours, with Bollinger Bands expanding significantly as price traded near the upper band, signaling a period of high momentum. The 20-period and 50-period moving averages on the 15-minute chart crossed in a golden cross formation, adding technical validation to the bullish move. RSI reached overbought levels around 75, suggesting that further upward momentum may pause or consolidate before a new leg higher. Meanwhile, Fibonacci retracement levels showed 61.8% retests at 2.224–2.230 acted as dynamic support, reinforcing the strength of the move above 2.240.

The market appears to be consolidating at the 2.264–2.270 range, with the potential for a pullback to test the upper Fibonacci support at 2.248. However, given the strong volume confirmation and momentum indicators, a continuation above 2.264 could see a push toward 2.280–2.300. Traders should monitor the 2.240–2.250 range as critical support; a break below would signal a potential reversal to 2.200–2.210.

Backtest Hypothesis
The backtest strategy in question involves identifying strong bullish divergences and golden crosses on the 15-minute chart, followed by confirming volume and price action to enter long positions. Given the data provided, the key components—volume spikes, RSI divergence, and moving average crossovers—are all present in the final four hours of the session. A well-timed entry around 16:00–17:00 ET would have captured a 2.0% gain into the close. The challenge lies in ensuring the correct ticker symbol is used for the pricing feed. Once the correct symbol is confirmed—likely BINANCE:XRPUSDT or COINBASE:XRPUSD—the backtest can be rerun to evaluate the robustness of the strategy across historical data.