Technical Analysis XRP/USDC - 15 min Chart (Binance)

The chart shows a clear recent bearish structure, with the price currently at 2.1399 USDC, showing a slight bounce after a strong drop.

Key zones marked on the chart:

• Resistance (green): Around 2.30 USDC, a level that previously acted as a ceiling.

• Intermediate zone (pink): Near 2.20 USDC, now acting as secondary resistance.

• Strong support (purple): Around 2.11 USDC, where the price has shown a bounce.

Projected scenario (yellow lines):

The drawing suggests a possible formation of a double bottom pattern, with a bounce from the support zone, a retracement towards the intermediate resistance, and a subsequent bullish breakout that could lead the price back near 2.30 USDC.

RSI Indicator (below):

The RSI is in oversold territory (around 32), which could indicate a technical bounce in the short term if this buying pressure holds.

Conclusion:

Watch the zone around 2.11 USDC as a key support. If respected, we could see an interesting bullish movement towards 2.20 and possibly 2.30 USDC. Breaking this pattern would imply a trend change in the short term. #hodler #xrp $XRP #BinanceEarn #CryptoMarketCapBackTo$3T