Summary
•
found key resistance near 1.92–1.94 and bounced off 1.9070–1.9080 support twice.
• Volume spiked sharply on the 1.9444 high but failed to confirm bullish momentum.
• RSI overbought at 75+ during the rally, hinting at potential near-term pullback.
• Bollinger Bands widened with the 1.94 surge, suggesting increased short-term volatility.
• Price tested 38.2% and 61.8% Fib levels from the 1.9031–1.9450 swing, showing mixed sentiment.
At 12:00 ET on 2025-12-22, XRP/Tether (XRPUSDT) opened at 1.9054, reached a high of 1.9450, a low of 1.9020, and closed at 1.9396. Total 24-hour volume was 151,854,186.3
, with a notional turnover of $288,126,725.
Structure & Formations
Price action showed a strong bounce from the 1.9070–1.9080 support zone twice, with a bullish engulfing pattern forming during the 00:15–00:30 ET rally. The 1.9450 high, however, failed to hold, and a bearish rejection occurred at 1.9430–1.9450, suggesting near-term uncertainty.
Moving Averages
On the 5-minute chart, price closed above the 20- and 50-period MAs, indicating short-term bullish momentum. Daily MAs (50/100/200) show a slightly bullish bias, with the 50-period MA acting as a dynamic support line near 1.9150.
Momentum & Volatility
The 1.9450 high pushed RSI to 75, signaling overbought conditions and increasing the likelihood of a near-term correction. MACD showed a bullish crossover midday but flattened as the rally stalled. Bollinger Bands expanded significantly during the 1.9450 peak, indicating heightened volatility.
Volume & Turnover
The 00:15–00:30 ET candle saw an outsized volume of 1.9M XRP and a notional turnover of $3.6M at the 1.9444 high, yet price failed to break above 1.9450. This suggests mixed conviction among buyers.
Fibonacci Retracements
Price briefly tested the 61.8% Fib level of the 1.9031–1.9450 swing at 1.9270 before retreating. The 38.2% Fib level at 1.9230 is currently showing some support, with a potential test of 1.9170 (50% Fib) ahead if the downward trend continues.
XRPUSDT may consolidate in the 1.92–1.94 range in the next 24 hours as buyers and sellers test key levels. Traders should watch for a decisive break above 1.9450 or below 1.9070 for directional clarity. As always, sharp volume spikes or sudden trend reversals remain possible in a volatile market.
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