The currency $XRP is currently trading at $2.1610 with a slight decrease of -0.08%, after bouncing from a low of $2.0828 and failing to break resistance at $2.1779. The price action seems choppy and weak in momentum recently… So is this the calm before the explosion? Or a loss of market appetite? Let's analyze the picture together 👇
⚖️ Is buying now a smart decision?
✅ Opportunity if:
Looking to enter a short trade between support $2.08 and resistance $2.18.
I set a clear stop loss below $2.08.
Expecting a bounce towards $2.23 or $2.29 if resistance is clearly broken.
$XRP
❌ Risk if:
Expecting a sharp rise without technical confirmation or high trading volume.
Ignoring signs of slowdown in technical indicators.
📊 Technical indicators worth watching:
RSI at 48.14 ➜ Balance between supply and demand… No signs of saturation.
MACD barely positive (0.0025) ➜ Indicates the beginning of a bullish crossover, but needs support in volume and price.
Volume has been very low recently ➜ Sign of weak momentum.
Double bottom pattern at $2.08 ➜ Could be the beginning of solid support if respected.
📢 The final word:
$XRP In case of extreme calm, and it may be in a smart accumulation phase if it respects strong support at $2.08. But caution is necessary, as weak volume does not support a strong rise at the moment.
Watch for breakout candles and rising volume before making any significant entry decision. 🧠
What do you think? Are we at the beginning of a new bullish wave? Or has the market temporarily lost interest in XRP? Share your analysis 👇