Analysis of Currency $XRP as of today 21/08/2025

First: Analysis on the daily timeframe (1D)

General trend: The price is currently in a short-term downtrend after failing to maintain above the 3.20$ area.

The price is now trading at 2.89$, very close to an important support area.

Important daily supports:

2.85$ (near bottom – current support).

2.70$ (previous bottom).

Important daily resistances:

3.00$ (psychological barrier + near resistance).

3.20$ (previous peak).

Second: Confirming entry areas on the hourly timeframe (1H)

If the price breaks below the 2.85$ level and closes underneath with an hourly candle, a continuation of the drop towards 2.70$ is likely.

However, if the price bounces from 2.85$ and forms a strong bullish candle, we may see a return to test 3.00$.

Entry signals:

Buy: upon breaking 3.00$ with stability and strong volume → targets 3.20$.

Sell: upon breaking 2.85$ downwards → targets 2.70$.

Third: Precise buying and selling on the 5-minute timeframe (5M)

Scalp Buy:

Entry point: 2.88 – 2.89$ (clear bounce + RSI below 30).

Stop loss: 2.85$.

Target: 2.95 – 3.00$.

Scalp Sell:

Entry point: 2.99 – 3.00$ (bearish reversal candle + RSI above 70).

Stop loss: 3.05$.

Target: 2.90 – 2.85$.