Important analysis for the currency $XRP on the daily frame for those interested in it
Let's analyze the movement of XRP/USDT according to the chart:
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🔹 Current price: 2.8226
1. Moving averages (MA):
MA7 = 2.8325 (very close to the current price).
MA25 = 2.9405 (above the price → selling pressure in the medium term).
MA99 = 2.8881 (also slightly above the price).
➡️ This reflects that the price is still moving below important moving resistance levels, indicating a sideways trend with a slight downward slope.
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2. Relative Strength Index (RSI):
Value 41.7 → Neutral area but closer to being oversold.
No overbought conditions, meaning there is still room for upward movement if new liquidity enters.
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3. Candlestick patterns:
We notice a drop from the peak of 3.66 to important support at 2.73 – 2.75, from which the price tried to rebound.
The latest candles reflect volatility and an attempt to break the 7-day average but have not succeeded yet.
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4. Important support and resistance levels:
First support: 2.73
Second support: 2.40 (breaking this level is dangerous).
First resistance: 2.95
Second resistance: 3.07 (if broken, it could open the way to 3.40).
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📉📈 Summary:
Currently, XRP is in a consolidation/volatility phase between 2.73 and 2.95.
If the price closes daily above 2.95, an upward trend towards 3.07 then 3.40 will begin.
If it breaks down below 2.73, it may drop to test 2.40.
🔔 Short-term trend: sideways with a downward slope.
🔔 Medium-term trend: related to the price's ability to surpass 2.95.
