Hereโ€™s a technical breakdown for $XRP /USDT as of May 16, 2025:

๐ŸŒ XRP/USDT Snapshot

๐Ÿ’ฐ Price:

$2.4406

24h Change: โˆ’4.60%

Context: Pullback after recent high; testing MA60 support.

๐Ÿ“Š 24h Range:

MetricValueHigh$2.5721Low$2.4041Current Price$2.4406

Currently hovering just above the 24h low and exactly at MA60: โš ๏ธ critical inflection point.

๐Ÿ“ˆ Technical Indicators:

MA60: $2.4407 (very close to price โ€” pivot zone)

MA(5): $52,957.0

MA(10): $67,706.6

Volume (latest): 11,008.7 โ€” sharp drop, indicating possible exhaustion of sell pressure or loss of momentum.

๐Ÿ” Market Structure:

XRP had a run up to $2.57 and is now consolidating or pulling back.

This zone ($2.40โ€“$2.45) is key support.

Breakdown from here could trigger a drop to $2.25โ€“$2.30.

If it holds and bounces, $2.50 and $2.57 could be retest targets.

๐Ÿ“‰ Support & Resistance Levels:

LevelType$2.572124h Resistance / Local Top$2.50Minor Resistance$2.4407MA60 Support (crucial)$2.404124h Low$2.30Next support below range$2.10Strong swing support

๐Ÿ“Œ Trade Scenarios

๐ŸŸข Bullish Reclaim:

Entry: $2.42โ€“$2.45 (hold above MA60)

TP: $2.50 / $2.57

SL: $2.38

Confirmation: Hammer candle or volume uptick

๐Ÿ”ด Bearish Breakdown:

Entry: On break of $2.40 with volume

TP: $2.30 / $2.15

SL: Above $2.46

Confirmation: Closing candle below MA60 + rising sell volume

๐Ÿงญ Summary:

XRP is in a retracement zone.

Holding MA60 ($2.44) is bullish short term.

If it fails, expect deeper correction toward $2.30 or lower.

Wait for volume confirmation or candlestick signal before entering.

Would you like me to prepare a scalp strategy on 15m or a swing setup for the 4H chart?

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