XRP is currently trading at $2.88, registering a notable decline of -6.2% over the last 24 hours, with a total market capitalization of approximately $171 billion, while the daily trading volume is around $6.7 billion, reflecting the continued strength of liquidity and the presence of traders despite recent selling pressures.

The overall situation that led to this saw XRP facing strong selling pressure in recent hours, with whales dumping over 460 million XRP. Additionally, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the ETF fund until October 2025, which has created a state of anticipation among investors and increased negative pressure on the price. Despite these updates, trading volume remains high, confirming that interest in the currency has not diminished.

Technical Indicators:

The Relative Strength Index (RSI) is moving towards oversold areas, indicating a potential short-term rebound.

The moving average (MA) shows the price below the 50-day moving average, reflecting the dominance of the bearish trend in the short term.

The MACD indicator gave a negative signal by cutting the signal line downward, reinforcing the likelihood of continued decline.

Support and Resistance Levels:

The first support is at $2.70; staying above it is important to avoid a deeper decline. The second support is at $2.30, a strong rebound area in case the first support is broken.

The first resistance is at $3.05; surpassing it opens the door for a return towards $3.3, and the second resistance at $3.5, breaking it would be a strong signal to resume the upward movement.

Short-term forecasts indicate that the trend is still bearish below the $3 level, but a corrective rebound is possible if the $2.7 support holds. As for the medium term, any positive news regarding ETF funds could push the price to test $3.5 again, and in the long term, remaining above $4 would serve as a new launch towards $5 – $6.

In summary, despite the recent decline, XRP remains a currency with strong liquidity and notable trading momentum. The $2.7 area is considered the main defense line, and any rebound from it could present a good opportunity for traders looking for new positions.

$XRP #xrp #BinanceSquareFamily #XRPGoal #CryptoIn401k $XRP $XRP #Xrp🔥🔥