🔍 $XRP/USDT Market Update – Short-Term Analysis 🚨

At the time of writing, $XRP/USDT is trading at $2.9104, showing a slight increase of +0.02% over the last 24 hours.

📊 Key Statistics

• 24h High: $2.9345

• 24h Low: $2.8184

• 24h Volume: 161.53M XRP (~466.53M USDT)

📈 Technical Indicators

• Moving Averages (15m):

• MA(7): $2.9190 (slightly above current price, acting as short-term resistance)

• MA(25): $2.8911 (providing local support)

• MA(99): $2.8930 (close to MA25, forming a potential support zone)

• MACD (15m):

• DIF: 0.0088

• DEA: 0.0046

• MACD Histogram: +0.0042

➡️ The MACD is currently in bullish territory, but momentum is slowing down, suggesting caution for aggressive entries.

• RSI (6/12/24): Hovering around the mid-50s, indicating a neutral zone with no immediate overbought/oversold signal.

🧐 Market Sentiment

$XRP recovered strongly from the intraday low of $2.8184, testing resistance near $2.9345 before retracing slightly. The clustering of MA(25) and MA(99) around $2.89 forms a strong support base. If bulls defend this level, XRP could retest $2.93–$2.94.

However, failure to hold above $2.89 may invite a pullback toward the $2.85–$2.83 range.

🎯 Key Levels to Watch

• Support: $2.89 → $2.85 → $2.82

• Resistance: $2.93 → $2.95

📌 Summary: $XRP/USDT is consolidating after a strong bounce. Short-term momentum remains slightly bullish, but watch for confirmation at the $2.89 support zone.

🚀 Traders may consider cautious long positions above $2.89 with targets near $2.94, while keeping an eye on downside risks if the support fails.

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