$XRP Is XRP about to take off or drop? Quick technical analysis

The XRP coin is currently trading at $2.39, with a slight decline of 0.83% in the last 24 hours.

Technical indicators:

• Relative Strength Index (RSI): at 44, indicating slight negative momentum.

• MACD: in the negative zone, reflecting ongoing selling pressure.

• Average Directional Index (ADX): at 44, indicating a strong bearish trend.

• Moving averages: conflicting signals between buying and selling, reflecting market indecision.

Support and resistance:

• Main support: $2.35

• Nearest resistance: $2.42

Summary:

XRP is at a critical point between continuing the correction or starting a bullish rebound. Breaking either of the two levels could determine the next direction. It is necessary to stay alert!