XRP Trades Sideways Above $3.42 As Momentum Indicators Show Neutral Bias

XRP trades within a tight range of $3.36 to $3.52, with a current price of $3.44.

RSI and MACD indicators suggest balanced momentum, with no major directional strength confirmed yet.

Market cap remains steady at $203.24B, with equal buy and sell order values showing matched liquidity.

XRP continued to trade range-bound on Friday, staying firm above the $3.36 support level. The asset moved to an intraday high of $3.4739, a 1.77% increase on the day. This comes after a short-term 24-hour decline of 0.1%, showing strength within the current range

The market price is now at $3.44, with short-term traders watching closely as XRP moves between familiar support and resistance levels. Interestingly, price action shows consistent bounces, which indicate repeated tests of higher levels.

Technical Indicators Maintain Tight Range Movement

Technical indicators show mixed momentum in the near term. Closing on the hourly time frame, the Relative Strength Index (RSI) finished at around neutral at 51.42. Its 14-day average weighting is 49.44, and it is now slightly above its average indicating a neutral buying and selling scenario

Source: TradingView

In the meantime, the Moving Average Convergence Divergence (MACD) indicates a quiet momentum following a recent top. The MACD levels are at 490.99M with a slight divergence of 175.15M on the histogram. Despite the recent surge, the indicator remains below its July high of 666.14M.

These conditions point to a consolidation phase where XRP attempts to build structure above local support. Volatility remains contained, but brief spikes in MACD suggest participation increases during key breakouts.

Market Cap Steady as Buy-Sell Activity Balances Out

XRP’s overall market cap is holding at $203.24 billion, with buy and sell volumes appearing evenly matched. TradingView data shows the same market cap values under both the buy and sell categories, indicating symmetrical order flow at the moment. This correlation was accompanied by XRP trading within a 24-hour pattern of between $3.36 and $3.52 during the past 24 hours.

With the market currently testing overhead resistance around $3.52, the next few sessions will probably decide whether price will continue to hold above or move back towards support. Currently, price remains above $3.42, with moderate upward pressure seen throughout the hourly structure.