$XRP update
XRP/USDT trading pair on Binance (15-minute chart), here’s a quick technical update:
Price Action:
Current Price: 2.3916 USDT
24h High/Low: 2.4400 / 2.3224 USDT
Short-Term Trend: Slight pullback after hitting the 2.44 resistance; currently consolidating near EMA(20).
Indicators:
EMA(20): 2.3905 – Price is hovering just around it (indicating indecision).
EMA(200): 2.3218 – Still well below current price, indicating bullish medium-term trend.
RSI(14): 52.09 – Neutral zone; neither overbought nor oversold.
Wm %R (200): -20.30 – Near the overbought zone, suggesting potential short-term weakness.
MACD: Slightly bullish crossover (DIF: 0.0732 > DEA: 0.0724), but flat momentum.
News Impact:
Ripple Settling With SEC: This could act as a catalyst, potentially attracting bullish sentiment depending on further developments.
Outlook:
Watch for support near EMA(20) (2.39) and resistance around 2.44.
If price holds above EMA(20) with volume pickup, a retest of 2.44 is possible.
Breakdown below 2.39 may see next support around 2.3525 or even 2.3224.
