📌 Deep technical analysis of XRP/USDT movement – is it time to buy or sell?
$XRP has seen some interesting moves recently, with the price rising to $3.40 before entering a sharp correction that took it to $1.77. Now, the price is trading at $2.46, putting it at a crucial point that could determine its next move. Will XRP return to the previous highs, or is the correction not over yet? Let’s dive into the technical analysis to find out.
🔍 XRP Performance Overview
✅ Current price: $2.46 (+2.10%)
✅ Recent Highest Price: $3.40
✅ Lowest price during correction: $1.77
✅ Trading volume (24h): 487.97M USDT
The chart shows that XRP has seen significant volatility in recent days, rebounding strongly from the $1.77 level but still facing strong resistance near $2.76. The big question now is: Will XRP break these levels or will it fall again?
📈 Technical Analysis: XRP Between Rise and Correction!
🔹 Moving Averages (MA)
🔸 MA(5): 235,772,814 (below MA(10), indicating short-term selling pressure)
🔸 MA(10): 501,297,705 (Markets still need buying momentum to confirm trend reversal)
🔹 Relative Strength Index (RSI)
📉 RSI(6): 39.90 → The RSI is still in the neutral zone, which means the market is neither overbought nor oversold. But any rise above 50 could signal the beginning of an uptrend.
🔹 MACD indicator
📉 MACD: -0.0593 → The indicator is still in the negative zone, which means that the bullish momentum is not yet confirmed. But any positive crossover may give a strong entry signal.
📊 Possible entry and exit points
✔️ When do we buy $XRP ?
✅ If the price stabilizes above $2.50 → we may witness a rise towards $2.76 and then $3.12.
✅ If $2.40 is tested as a strong support and bounces up, it could be a perfect buying opportunity.
✅ If $3.12 is broken, it may target $3.40 and then higher levels.
❌ When do we sell XRP?
❌ If the price fails to break $2.50 and remains under selling pressure.
❌ Breaking the $2.40 level could lead to a decline towards $2.05 – $1.77.
❌ When it touches $3.12, it might be wise to take profits unless the market shows strong momentum.
🚀 Is XRP Ready for a Strong Rise?
🔹 In the short term, we are still in a correction phase, but there are positive signs indicating a possible rebound.
🔹 In the medium term, XRP needs to break through the resistance levels to confirm a return to the bullish path.
🔹 In the long term, if it can hold above $2.40, we may witness a new bullish wave.
🔴 Conclusion: $XRP At a crossroads! Any break above $2.50 could signal a strong upside, while a break of $2.40 could signal further decline. Follow the markets with caution and don't miss the opportunity! 🚀🔥
