Key facts
- XRP dominance (XRP.D) is holding near a major support zone.
- XRP/USD is trading near $1.1056, with immediate support at $1.10.
- The weekly RSI for XRP.D is extremely contracted, potentially indicating a directional decision by July.
- The daily RSI for XRP/USD is near 19.4, indicating oversold conditions.
- The MACD on the daily XRP/USD chart remains bearish.
XRP dominance, a metric tracking XRP's share of the total cryptocurrency market, is currently holding near a significant support area. This relative strength is occurring while the XRP/USD spot price shows weakness on the daily chart, trading near $1.1056 after a recent 5.3% decline. Immediate support for XRP/USD is identified at $1.10, with resistance seen around $1.25 to $1.35. A break below $1.10 could target $1.00, while reclaiming $1.35 would be necessary to alter the bearish structure. The daily RSI for XRP/USD is deeply oversold at approximately 19.4, though this does not confirm a bottom. The MACD indicator also remains bearish on the daily chart. Meanwhile, the weekly RSI for XRP dominance is noted as extremely contracted, with analysts suggesting it may need to establish a direction by July. This divergence between XRP's relative strength and its spot price weakness, coupled with increased volume during support tests, suggests that volatility in the market may soon increase.