- XRP trades between $2.83 support and $3.00 resistance after a 6.4% weekly decline.
- Support and resistance of HBAR are at 0.2254 and 0.2407 respectively.
- In the short term, Target ranges are XRP of $4.00-5.00 and HBAR of $0.40-$0.50.
Both XRP and Hedera are trading around key short-term support and resistance zones with narrowing market activity. In the last seven days, the two cryptocurrencies recorded price drops yet maintained proximity to significant technical points.
The present charts are pointing at the fact that the price movement could be within specified ranges in the next one to three weeks. The market players are keenly watching which asset can build momentum over resistance or remain stable around the known support.
XRP Holds Above $2.83 Support After Weekly Decline
XRP is currently at $2.84 and it has recorded a 6.4% decrease in the last seven days . The token is in excess of the support level of above $2.83 where it has been a crucial point of resistance in the recent price movements. Meanwhile, the resistance has been detected at $3.00, which forms the upper limit of its short-term market range.
The three-day chart shows the relative strength index (RSI) at 63.80, which is not at the recent highs, but in the neutral range. This indicator indicates that the momentum has been decreasing since the previous spike. A short-term consolidation is also represented in the chart, with the price action developing in a narrowing structure.
This merger determines a clear margin between support of $2.83 and resistance of $3.00. Thus, the market observers are keeping track of whether XRP will be able to maintain the support and will urge to break the higher boundary once again.
Hedera Moves Within $0.2254 to $0.2407 Range
The native token of Hedera is HBAR, and it is currently trading at $0.2267, with a 4.9 percent decrease over the last 24 hours. The support level is currently at $0.2254, with a resistance point at $0.2407, and the price movement is contained in a narrow band.
HBAR has a three-day RSI of 64.45 which has also fallen compared to its recent peaks but remains strong above the oversold regions. Just like XRP, price charts show an emerging consolidation region. It is worth noting that the market has continued to experience repeated tests close to support without any significant breakdowns. This repetition of the support at $0.2254 adds credibility to the support and a breach above 0.2407 may shift the attention to higher levels like $0.40 to $0.5.
Target Ranges Identified for Short-Term Outlook
Technical charts highlight target ranges for the next one to three weeks. For XRP, projections point toward a zone between $4.00 and $5.00, provided current structure evolves as shown. Meanwhile, HBAR’s targets have been outlined between $0.40 and $0.50, marking potential extensions beyond present consolidation.
These outlined ranges remain conditional on holding support and challenging overhead resistance. Until then, XRP and HBAR continue to trade in tight formations, with attention centered on upcoming sessions to determine direction.
