Market Overview for XRP/Tether (XRPUSDT)

Summary
• XRPUSDT formed key support near 1.866-1.868 and faced resistance at 1.874-1.876 during the 24-hour period.
• Momentum remained mixed with RSI hovering near 50, suggesting indecision and potential consolidation.
• Volume and turnover surged during midday dips, indicating increased participation amid bearish moves.

XRP/Tether (XRPUSDT) opened at 1.8734 on 2025-12-28 12:00 ET–1 and traded in a tight range, reaching a high of 1.8782 and a low of 1.8660 before closing at 1.8722 at 12:00 ET. Total 24-hour volume reached approximately 11.65 million XRP, with a notional turnover of around $21.68 million.

Structure and Candlestick Formations

The price of XRPUSDT formed several bearish and bullish engulfing patterns, particularly around 1.873 and 1.868, hinting at short-term indecision. A key support level emerged near 1.866–1.868, holding up after a sharp dip in the midday session. A potential resistance zone at 1.874–1.876 was repeatedly tested but not decisively broken. A long lower shadow around 1.866–1.868 suggested buyers stepping in at lower levels, while a small-bodied candle at 1.8745 may signal a potential reversal if buyers fail to push higher.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned, with the price fluctuating around these lines, indicating a ranging or consolidation pattern. On the daily chart, the 50-day and 200-day moving averages appeared to be converging, suggesting a potential trend shift in the near future.

Momentum and Volatility (MACD & RSI, Bollinger Bands)

The RSI remained near the 50 level throughout the session, reflecting a balanced market with no strong momentum in either direction. MACD showed a flat histogram, consistent with the range-bound action. Volatility, as measured by the width of Bollinger Bands, remained relatively stable, with the price mostly staying within the bands, reinforcing the idea of consolidation. A slight contraction in band width late in the session could hint at a potential breakout.

Volume and Turnover Analysis

Volume and turnover showed a noticeable increase during the sharp dips between 09:45 and 10:00 ET, indicating increased buying pressure at lower prices. However, volume during rally attempts around 1.874–1.876 was relatively weaker, suggesting a lack of conviction in the bullish direction. The divergence between price action and volume could imply a potential retest of key support levels in the coming session.

Fibonacci Retracements

Applying Fibonacci retracements to the 5-minute swing from 1.8660 to 1.8782, the 50% level at 1.8721 closely aligned with the 24-hour close, reinforcing its importance as a potential turning point. On the daily chart, a larger retracement from a recent major move showed the 38.2% level near 1.8710 as a potential short-term support, which could be tested in the next 24 hours.

XRPUSDT appears to be entering a phase of consolidation, with traders watching the 1.874–1.876 resistance and 1.866–1.868 support closely. A breakout above 1.876 could signal renewed bullish momentum, but until that occurs, the market may remain range-bound. Investors should monitor volume dynamics and RSI for signs of a potential shift in sentiment, while being mindful of the risk of a breakdown below 1.866.