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XRP returns to the lower limits of the trading scope for a period of five months, however the high -time frame is still intact, according to the daily graphic that was published on May 7 by analyst DOM (@TraderView2). the table It covers late December 2024 until the first week of May 2025 and appears XRP after breaking it over the descending trend line that arises at the height of January 16 near $ 3.40.
XRP “Strong Contract”
DOM analysis on the trio stops the average weighted price, or VWAPS, which is drawn as adaptive domains on the graph. VWAP represents the average price of the original over a specified period, likely by trading volume; In essence, merchants tell the level in which the largest part of the transactions occurred.
Since large institutional offices often plan the quality of implementation against VWAP, the line tends to serve as dynamic support or resistance when the price is re -tested. When the anchor point is transferred-from the beginning of the month, quarter, or year, for example-VWAP offers a lens on how the supply and demand developed on this separate window.
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The VWAP heavenly line coincides with the quarterly quarter, which is currently located at $ 2.2796, which is the level of price rejection last week and led to a continuous decline. The orange line refers to the monthly VWAP, now at $ 2.0574, and the price hovers directly above; DOM draws a curved path indicating that the construction bounce here can push XRP again towards mid -2.20 dollars.
Below, the annual VWAP green strip picks up at $ 1.8731, surrounded by its standard designer at $ 1.7863 and $ 1.6996. The surrender is located specifically on April 7, in this way, which means the annual before capturing higher, which confirms its importance as a structural foot.
“Vwaps continues to play perfectly, was the local Lod LOD VWAP, and was the rejection last week outside the quarterly VWAP, and now we go to re -test the monthly VWAP,” says Dom.
The main support area
Horizontal work is to say equally. Since early December, the market ranged between about $ 1.94 and $ 2.05, a region that has been highlighted on the graph by a gray rectangle and six green arrows indicating previous deviations. Dom describes the current resort as a “healthy test” of this floor; The decisive daily closure only below the band would tend decisively.
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Until then, the XRP, as he put it, is “already strong” for other large altcoins that broke similar ranges, although they temporarily appear temporarily against the growing bitcoin domination index. “XRP still keeps its group from December (there is no other big cover near that) so it was already strong while others are just bleeding.
Technicians will focus on two crossed marks on the upcoming sessions: whether bulls can defend a 2.00 dollar handle and whether the monthly VWAP can be turned again from the short -term support resistance. The failure in any of the checkpoints opens this section for a deeper trip about the annual VWAP about $ 1.87, while the successful defense will reinforce the narration that the greatest monotheism is still just a stopping in the construction direction that is still small.
“I expect a reaction from this domain low, and the loss of this will be where things turn into dumping/mysterious, but for the time being, it is a healthy scheme,” Dom is concluded.
At the time of the press, XRP was traded at $ 2.20.
Distinctive image created with Dall.e, Chart from TradingView.com
