Currently trading around $3.13 with a daily trading range between $3.09 – $3.14 and a trading volume of $3.92 billion
The overall trend over the past seven days has seen the XRP coin decrease by about 3.78%, as its price dropped from $3.23 to $3.11
Support and resistance levels:
Support at $3.10 is a strong support level; any drop below this price may indicate a short correction, and $3.00 is a secondary support level. If the price breaks $3.10, it may head towards this level.
Resistance: between $3.30 – $3.35 is a major resistance level, and breaking through it may open the way for a new rise, while $3.50 is a higher resistance level that represents a potential target for upward movement if positive momentum continues.
Technical indicators:
The 50-day moving average indicates a continuation of positive momentum.
The RSI indicator is close to 65, which means that the coin still has room to rise before reaching the overbought area.
In summary, XRP is in a good position to buy in the short term if it breaks through the resistance at $3.35. However, if it drops below the support at $3.10, we may see a slight correction before resuming the upward trend.
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