📊 Technical Analysis of XRP against USDT
📅 Date: [Please specify the date upon publication]
💰 Current Price: 3.0538 USDT
📈 Change Percentage (24 hours): +2.26% ✅
🔍 Overview of XRP Performance in the Last 24 Hours:
Highest Price: 3.0882 USDT
Lowest Price: 2.9641 USDT
XRP Trading Volume: 116.30 million
USDT Trading Volume: 351.72 million
📉 Technical Analysis on the 1-Hour Time Frame:
Based on the indicators visible on the chart:
Moving Average MA7 (Yellow): 2.9653
Moving Average MA25 (Pink): 3.1517
Moving Average MA99 (Purple): 2.4980
🔹 The coin witnessed a strong rise peaking at 3.6607 USDT, then entered a clear price correction phase.
🔹 The price is currently trading above MA99, indicating strong support in the medium term.
🔹 The price is currently trying to hold above 3.05, which is an important resistance level, and its conversion to support could push the price back towards levels of 3.40 then 3.73.
🧠 Expectations and Warnings:
If the coin manages to maintain the level of 3.00 USDT, this could be a signal to resume the upward trend.
Breaking the support at 2.96 may bring the price back to areas of 2.72 and possibly lower.
XRP is considered to be one of the coins with strong fundamentals, but it is also subject to sharp fluctuations like other cryptocurrencies.
📌 Final Note:
This analysis does not constitute financial advice. Always conduct your own research and consult with specialized analysts before making any investment decisions. The market is volatile, and proper capital management is essential.