Here's a technical snapshot of $XRP /USDT based on the data you shared (as of Aug 1, 2025, 12:00 UTC):
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📉 Current Price:
$3.0249 (Rs857.95)
Change: -3.00% (Daily)
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🔍 Technical Indicators:
Indicator Value Signal
MA(7) 2.9995 Bearish
MA(25) 3.0075 Bearish
MA(99) 3.0981 Bearish
Support Zone ~2.8920 (24h low)
Resistance ~3.1271 (24h high)
MACD Likely Bearish (since price < short-term MAs)
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📊 Volume:
$XRP Volume (24h): 249.11M
USDT Volume (24h): 745.54M
Recent Candle Volume: 6.14M
Avg Vol (5 candles): 12.56M
Avg Vol (10 candles): 11.27M
➡️ Decreasing volume, which might suggest weakening momentum.
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🔄 Trend Summary:
$XRP is currently trading below key moving averages (7, 25, and 99), which suggests a short- and medium-term bearish bias.
The price rejected from resistance (~3.12) and is testing the support (~2.89).
Volatility is present but current candle volumes are below average, so breakouts might lack conviction unless volume picks up.
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📌 Possible Scenarios:
📉 Bearish Case (More Likely Short-Term):
If $2.89 breaks with volume, price might drop to $2.75–2.68 zone.
📈 Bullish Case:
If price bounces from $2.89 and breaks $3.12, next resistance could be around $3.20–3.25.
