#BTRPreTGE Technical Analysis
The technical analysis for the XRP/USDT pair indicates that the price has experienced a sharp decline reaching a low of 3.1597 before starting a slight recovery to currently settle at 3.2390. The moving averages (MA7, MA25, MA99) show that the overall trend remains bearish, as the price is moving below these averages, indicating continued selling pressure. The Stochastic RSI and MA STOCH RSI indicators show oversold conditions at very high levels (99+), which may suggest the possibility of a short-term correction or technical rebound. Trading volume increased significantly during the decline, indicating a large outflow of liquidity, then gradually declined with the rebound. If the price manages to break through the resistance level at 3.25 and stabilize above it, we may see further upward movement towards 3.34, while failure may bring the price back to test 3.15 again.
