Close Menu
Crypto Chain Post
    Trending

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Real Breakout’ To $120,000

    June 8, 2025

    Viral Screenshot Misrepresents XRP’s Role in U.S. Federal Reserve Operations

    June 8, 2025

    Mask Network price pumps then dumps as whales sell

    June 8, 2025

    Tim Draper: $250K Bitcoin Coming in 2025, May Go ‘Infinite’ Against Dollar

    June 8, 2025

    Is it possible to stake Bitcoin?

    June 8, 2025
    Facebook X (Twitter) Instagram TikTok Telegram
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    Sunday, June 8
    Crypto Chain Post
    Price Index Newsletter
    • Home
    • News
      • Bitcoin
      • Ethereum
      • Altcoin
    • Blockchain
    • Markets
    • NFTs
    • DeFi
    • Web3
    • Analysis
    • Metaverse
    • Resources
      • Price Index
      • Crypto Heatmap
      • Glossary
      • Exchange
      • Economic Calendar
    • More
      • GameFi
      • ICO
      • Legal
      • Security
    Crypto Chain Post
    Home » Oscillators Signal Caution Despite Bullish Scalping Setup
    Analysis

    Oscillators Signal Caution Despite Bullish Scalping Setup

    News RoomBy News RoomJune 4, 2025No Comments4 Mins Read

    XRP traded at $2.25 on June 4, 2025, with a market capitalization of $131 billion and a 24-hour trading volume of $2.26 billion. The intraday price ranged between $2.23 and $2.28, suggesting constrained volatility ahead of a potential breakout.

    XRP

    The 1-hour candlestick chart for XRP displays a tight consolidation pattern between $2.24 and $2.26, with immediate support around $2.185 and resistance near $2.283. Volume surges on green candles indicate increasing buyer interest, which reinforces the potential for an upward scalp breakout. Recommended trading strategy in this timeframe involves scalping entries around $2.24, setting a stop-loss below $2.22, and targeting profits at $2.28 and $2.30–$2.32. Market participants should monitor for a breakout above $2.283, which could validate a continuation of the short-term bullish momentum.

    XRP/USDC 1-hour chart on June 4, 2025.

    The 4-hour chart reflects a mid-term recovery structure, characterized by higher lows forming since May 31. XRP found solid support between $2.08 and $2.12, while moderate volume increases on bullish candles affirm growing market confidence. A dip-buying strategy near $2.20–$2.22 appears attractive as long as prices remain above the recent higher low. If this structure holds, traders may look for profit-taking at $2.28, with a breakout extending gains toward the $2.30–$2.35 range. A breakdown below $2.20 would weaken this outlook, shifting short-term sentiment to neutral or bearish.

    XRP/USDC 4-hour chart on June 4, 2025.

    On the daily chart, XRP continues to show signs of macro caution despite a recent bullish reversal from a descending trendline. Support near $2.08 has proven resilient, while resistance stands around $2.65. The price trend has been marked by lower highs and lower lows since the recent peak, but a spike in buying volume following a sharp drop suggests early-stage accumulation. Key entry zones span from $2.15 to $2.22, with upside targets at $2.35 and $2.50 if bullish momentum continues. However, maintaining a tight stop-loss under $2.10 is advised given prevailing macro uncertainties.

    XRP/USDC 1-day chart on June 4, 2025.

    The oscillator suite presents a largely neutral stance with exceptions. The relative strength index (RSI) at 48.13, Stochastic at 38.32, commodity channel index (CCI) at -49.94, average directional index (ADX) at 16.94, and Awesome oscillator at -0.11816 all suggest market indecision. However, the momentum indicator at -0.08642 signals a mild negative pressure, corroborated by the moving average convergence divergence (MACD) level of -0.02589, which also issues a bearish signal. These divergences hint at a mixed market mood that could shift based on macroeconomic drivers or technical breakouts.

    The moving averages (MAs) point to a split narrative across timeframes. The 10-period Exponential Moving Average (EMA) and 10-period Simple Moving Average (SMA) are both bullish at $2.24465 and $2.23449, respectively. In contrast, the 20, 30, 50, and 200-period SMAs—spanning up to $2.32760—are bearish, indicating longer-term resistance. Notably, the 100-period SMA at $2.25320 and the 200-period EMA at $2.08041 suggest latent bullish potential if key resistances are overcome. Traders should weigh these indicators against price action and volume before entering medium- or long-term positions.

    Bull Verdict:

    XRP’s current technical setup suggests a bullish undercurrent, particularly on the shorter timeframes where volume and structure support a continuation of upward momentum. If key levels such as $2.28 and $2.35 are broken with volume confirmation, the path toward $2.50 becomes technically viable. This scenario favors a bullish outlook, provided support at $2.20 and $2.08 remains intact.

    Bear Verdict:

    Despite intraday strength and short-term recoveries, XRP faces broader resistance and conflicting momentum signals, particularly from longer-term moving averages and oscillators issuing sell signals. A failure to break above $2.28 or a drop below $2.20 could invalidate bullish setups and reinforce the macro downtrend. Until XRP reclaims $2.50 with conviction, bearish caution remains warranted.

    Read the full article here

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related News

    Mask Network price pumps then dumps as whales sell

    June 8, 2025

    This pattern identifies XRP’s path to $8

    June 8, 2025

    T-Mobile Customers Begin Receiving $350,000,000 Payout After Major Hack and Class Action Settlement

    June 8, 2025

    Solana indicators point north, bulls test $165 target

    June 7, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top News

    Viral Screenshot Misrepresents XRP’s Role in U.S. Federal Reserve Operations

    June 8, 2025

    Mask Network price pumps then dumps as whales sell

    June 8, 2025

    Tim Draper: $250K Bitcoin Coming in 2025, May Go ‘Infinite’ Against Dollar

    June 8, 2025
    Advertisement
    Demo
    Crypto Chain Post
    • Home
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Crypto Chain Post. All Rights Reserved.

    71-75 Shelton Street, Covent Garden, London United Kingdom, WC2H 9JQ

    Type above and press Enter to search. Press Esc to cancel.