#FOMCMinutes Done 👍
Let's do a quick numerical analysis based on the data shown in the image:
📊 Basic data from the image:
Pair: XRP/USDT
Current Price: 2.9154 USDT
Highest Price in 24 hours: 2.9372
Lowest Price in 24 hours: 2.8184
Volume in 24 hours: 166.62M XRP ≈ 481.50M USDT
Change Percentage: -0.61%
🔎 Technical Analysis from the indicators:
Moving Averages MA (5) = 3,105,959.5 / MA (10) = 3,716,653.7
→ The short average (MA5) is less than the long one (MA10) = A sign of temporary weakness in the upward trend.
Williams %R (14) = -16.45
→ Close to the overbought area = A downward correction may occur.
Stochastic RSI = 92.59 and MA Stoch RSI = 96.40
→ Both are in the overbought area (>80) → A strong signal for a possible corrective drop.
📈 Price Movement:
The last low at 2.8184
The last high at 2.9345
The current price 2.9154 is close to the last peak → A strong resistance is likely at 2.93 – 2.94
📌 Numerical Forecast (Short-term – 15-minute frame):
Resistance Area: 2.93 – 2.94
Support Area: 2.82 – 2.83
If the price breaks above 2.94 → It may rise towards 3.00
If it fails to break → A drop is likely to test 2.83 again
✅ Summary:
The market is currently in the overbought area according to the indicators.
It's better to wait for a break of resistance at 2.94 to confirm a new rise.
Or monitor the break of support at 2.82 to confirm a corrective drop.