XRP/USD Holds Above Key Support as Long-Term Bearish Trend Enters Consolidation Phase

Amid geopolitical uncertainty in the Middle East and a lack of clarity over the next steps from the world’s leading central banks, investors are not rushing to reallocate capital into cryptocurrencies. As a result, the instrument has not yet been able to define its next direction, which will likely become clear only after a breakout from the указанного range. The 1.5625 mark (Murray level [8/8]) appears to be the key threshold for bulls, as it coincides with the middle Bollinger Band line on W1. A breakout above this level would signal a trend reversal and open the way toward 1.9980 (50.0% Fibonacci retracement) and 2.3519 (38.2% Fibonacci retracement). If price breaks below 1.2695 (Murray level [2/8]), bears may regain control and consolidate near 1.0742 (Murray level [–2/8]) and 0.7812 (Murray level [2/8], W1).

Technical indicators are sending mixed signals: Bollinger Bands are moving sideways, the MACD histogram remains stable in positive territory, while Stochastic is pointing lower. It is also worth noting that on the weekly chart, Bollinger Bands are still directed downward and the MACD histogram remains stable in negative territory, confirming that the long-term bearish trend is still intact. However, a reversal cannot be ruled out, as the price is approaching the middle Bollinger Band near 1.5625 (Murray level [4/8], W1).

Support and resistance levels

Resistance levels: 1.5625, 1.9980, 2.3519.

Support levels: 1.2695, 1.0742, 0.7812.

Trading scenarios and XRP/USD forecast

Long positions may be opened above 1.5625 with targets at 1.9980 and 2.3519, and a stop-loss at 1.4160. Implementation period: 5–7 days.

Short positions may be opened below 1.2695 with targets at 1.0742 and 0.7812, and a stop-loss at 1.4020.