To analyze the movement of XRP against USDT as shown in the image, I will rely on a set of technical analysis tools shown:
First: Overview of price and indicators
Current price: 2.0923 USDT.
Highest price in 24 hours: 2.1409.
Lowest price in 24 hours: 2.0594.
Expected scenario
Bullish scenario (positive):
If the price maintains the level of 2.06-2.08 and does not break it downwards, we expect to test the resistance at 2.14, then 2.16.
A stable breakout of MA(99) (2.16) with good trading volume support may push the price towards 2.30.
Bearish scenario (negative):
Breaking the support level at 2.06, especially below 2.00, will bring the price back to test the strong support at 1.88 then 1.61.
Final opinion:
The trend is currently sideways with a slight upward inclination.
Best entry areas: Close to MA(25) (2.06) with a stop loss below 2.00.
Best profit-taking areas: 2.14 then 2.16..