Let’s break down the XRP/USDT 1-day chart. The price action shows a downtrend from early April, dropping sharply from 2.3354 to 1.6134 around April 8, followed by a recovery. Since mid-April, XRP has been in a consolidation phase, fluctuating between 1.8814 and 2.3354, with the current price at 2.2212. The 6-day MA (2.386) is above the 10-day MA (2.441), hinting at a potential short-term bullish crossover, but the overall trend remains sideways due to lack of a clear breakout.
ENTRY PRICE: A safe entry would be around 2.0328 (recent support level), where the price has bounced multiple times, indicating strong buying interest.
$
MAXIMUM PROFIT BOOKING PRICE: Target the resistance at 2.3354, where the price previously peaked. This gives a potential profit of 2.3354 - 2.0328 = 0.3026 per XRP.
The chart’s volume (130.14M XRP) and volatility suggest cautious trading, as no strong trend has emerged yet. Watch for a breakout above 2.3354 for confirmation of an uptrend.
