💡 Quick technical analysis:
✅ Clear technical rebound!
After a strong drop to $2.0828, XRP has begun to show signs of stability and is bouncing back towards $2.1388, indicating the possibility of a local bottom and the start of a new upward wave.
✅ Indicators suggest oversold conditions!
RSI (6) at 33.11: Near the oversold area, which is often considered an attractive entry opportunity before the price takes off.
MACD is negative but the slowdown is clear: Gradual decrease in selling momentum may indicate an upcoming positive crossover reversing the trend.
✅ Strong trading volume at the bottom: The long candle at $2.08 came with high trading volume - a signal of new liquidity and strong buying interest.
$XRP
🚀 Expected scenario:
📌 If XRP firmly surpasses the $2.18 level, a return to the $2.25 - $2.33 range seems likely, and we may see a retest of the recent peak at $2.3379.
📉 However, if it returns to decline, the $2.08 level represents a key support, and breaking it may push the price towards $2.00.
$XRP
🔥 Does XRP hide a price surprise after this correction?!
Indicators suggest an imminent reversal, and smart investors are watching... Are you ready to ride the next wave? 🌊🚀