XRP/USDT — Update (4H Chart)
Current price: $2.2087 (-0.18% over 24h)
Technical Overview:
• After reaching a local high of $2.3630, the price pulled back and is now consolidating around the MA(99): $2.1659 level.
• Support:
• MA(99): $2.1659 is acting as a key support level.
• The $2.17–$2.19 range is currently preventing further downside.
• Resistance:
• MA(25): $2.2479 is the nearest resistance and a potential short-term bullish trigger.
• Indicators:
• MACD is in the negative zone (-0.0027), but showing signs of stabilizing.
• RSI(6): 43.15 — approaching oversold territory, suggesting a possible bounce.
Volume:
Moderate, with no significant spikes, indicating market indecision and consolidation.
Conclusion:
XRP is holding above key support at $2.165–$2.175, but indicators remain neutral-to-bearish. A breakout above $2.25 could lead to a retest of the $2.31–$2.36 zone, while a breakdown below $2.16 would likely trigger further downside pressure.