Ripple Price Analysis: Bounce Confirmed by MACD
1. Current Price: $2.4026 ā¬ļø (Slightly up +1.86% daily).
2. Recent High: Corrected sharply from $3.0716 š.
3. Flash Crash: Experienced an extreme wick low at $1.2543 ā ļø (Quick recovery).
4. Short-Term Bullish: Price is above MA(7) & MA(25) at $2.36 šŖ.
5. Long-Term Barrier: Stuck below the MA(99) resistance at $2.6585 š§±.
6. MACD Crossover: MACD histogram is positive $0.0150, confirming a recent bullish momentum shift š¢.
7. Key Support Zone: Immediate support is the MA cluster around $2.36 š”ļø.
8. Mid-Term Bearish: Long-term RSI (46.9199) confirms the overall downtrend is still in effect š».
9. Critical Breakout: Need a decisive move above $2.66 to change the trend šÆ.
10. Consolidation: The price is primarily in a stabilization/sideways phase after the drop āļø.
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