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Technical Analysis of XRP/USDT Based on

1. General Trend

Current Price: 2.1286 USDT

Highest Price in 24 Hours: 2.2142 USDT

Lowest Price in 24 Hours: 2.1077 USDT

Price Change in 24 Hours: +0.29%

2. Technical Indicators

Parabolic SAR: Current value 2.1711, indicating the current downtrend is continuing.

Relative Strength Index (RSI 6): 38.4144, suggesting the approach of the selling zone, but it has not yet reached the oversold area (<30).

3. Price Movement

The chart shows that the price faced strong resistance at 2.2142 USDT and declined from there.

The nearest support is at 2.1206 USDT, and if this level is broken, it may drop to 2.0868 USDT.

The current resistance is at 2.1543 USDT, and if it breaks through, it may test 2.1881 USDT.

4. Forecast and Strategy

Bullish Scenario: If the price stabilizes above 2.1543 USDT with an increase in trading volume, it may continue to rise towards 2.1881 USDT.

Bearish Scenario: If the support at 2.1206 USDT is broken, it may drop to 2.0868 USDT or even lower.

Entry Signal: Wait for confirmation of price reversal with positive signals from RSI or a breakout of resistance with increased trading volume.

5. Recommendation

There is currently no strong buy signal, but price movement around 2.1206 USDT should be monitored to see if it forms strong support.

Selling may be an option if the price clearly breaks below 2.1206 USDT.

In the case of an upward movement and a breakout of 2.1543 USDT with a candle closing above it, short-term buying can be considered.