💵 1. Current price and market performance
- Current price: $2.30, with a slight decrease ranging from -0.17% to -1.20% over the past 24 hours.
- Daily trading range: between $2.24 (strong support) and $2.33 (immediate resistance).
- Monthly performance: a rise of +3.45% to +5.05%, while the price increased by +445% over the past year.
- Market capitalization: $135.24 billion, making it the fourth largest cryptocurrency.
📈 2. Short-term technical analysis
- Trading signals:
- Moving averages: all periods (from 5 days to 200 days) indicate a "strong buy" signal, as the price trades above all of them.
- Technical indicators:
- RSI (14): at 54.8 (neutral), indicating no overbought or oversold conditions.
- MACD and Stochastic: "Buy" signals due to positive momentum.
- Summary of indicators: 12 buy signals versus 0 sell signals for moving averages, and 10 buy signals for technical indicators.
- Short-term warnings:
- Some analyses indicate selling pressures due to resistance at $2.9055, and the "double top" pattern that could lead to a correction towards $1.94 if the current support is broken.
💎 Trading recommendations for today
- Day traders:
- Long entry: above $2.28 with a target of $2.33 (stop loss at $2.24).
- Short entry: if $2.24 is broken, target $2.20 (stop loss at $2.30).
- Long-term investors:
- Accumulation at $2.20–$2.25 in anticipation of a potential rise towards $3.45 by the end of 2025.
📌 Summary
XRP shows short-term technical strength with strong buy signals, but regulatory pressures and double-top formations warn of a potential correction. It is recommended to monitor the $2.24 level (critical support) and $2.33 (bullish breakout). The current volatility (2.47–2.50%) requires precise risk management, especially with margin trades.
