XRP price currently sits at $2.85, experiencing a 2.12% rise in the last 24 hours. Despite this recent surge, the overall market cap has dipped slightly to around $3.84 trillion. XRP’s move is closely tied to the broader crypto market trends, which have seen many assets experience green gains in response to rising investor confidence. However, a key question remains: will XRP continue its upward momentum and overcome its crucial resistance at $2.85? 2023 has seen an impressive increase in liquidity for Ripple’s XRP, but trading volume has taken a dip recently. 24-hour volume sits at around $6.33B. This is down from recent highs, reflecting potential market fatigue, although there have been reports of $4.38 million worth of XRP liquidations by the Coinglass platform, indicating some active trader activity. While bullish pressure has driven XRP higher, its future direction remains uncertain. 2023 has seen Ripple’s XRP price surge after a lengthy period of consolidation. The Moving Average Convergence Divergence (MACD) and Chaikin Money Flow (CMF) indicators provide insights into potential short-term price movements. The MACD is currently below zero, indicating the market is in a bearish zone, while the CMF at 0.05 suggests modest buying pressure. Analysts are closely watching for signs of a reversal. If the MACD crosses above zero, it could signal a shift towards bullish momentum and challenge XRP’s current resistance at $2.82- $2.85. Meanwhile, XRP’s daily RSI sits at 53.06, indicating a neutral market state with no clear directional bias. Overall, the market appears balanced, but the bulls are not yet in full control.