The XRP coin has emerged from a narrow consolidation zone, breaking resistance: 3.1056
The breakout of this zone gives us a signal for a bullish reversal → next target 🎯3.15–3.18
📉 Coin analysis: current situation and short-term targets
A couple of days ago, the coin showed a strong increase from 2.7826 to 3.1056 USDT, after which it entered a consolidation phase within a narrow range.
🔹 Current price: 3.0193 USDT
🔹 24h high: 3.0886 USDT
🔹 24h low: 2.9971 USDT
🔹 Trading volume: 206.66 million USDT
Trend and technical picture:
The price has dropped below EMA 7 (3.0220) and EMA 25 (3.0291), approaching EMA 99 (2.9973) — this indicates a short-term bearish momentum.
MACD: -0.0048 (< signal line 0.0028) — weak bearish momentum.
Stochastic RSI: %K 18.06, %D 11.70 — in the oversold zone, a bounce upwards is possible.
RSI: 14-day 45.61, 7-day 39.42 — neutral-bearish sentiment.
Key levels:
Support: 2.9796 — a break below may lead to a decline to 2.7826
Resistance: 3.1056 — a breakout above may signal a bullish reversal
✅ Short-term targets:
Possible bounce if support at 2.9796 holds → first target around 3.05–3.08
Upon breaking 3.1056 → next target 3.15–3.18
Upon breaking 2.9796 → decline to 2.85–2.78
💡 Conclusion: The current trend is short-term bearish, but oversold conditions provide a chance for a bounce. Entry should only be with confirmation of movement from key levels.
A couple of days ago, the coin showed a strong increase from 2.7826 to 3.1056 USDT, after which it entered a consolidation phase within a narrow range.
🔹 Current price: 3.0193 USDT
🔹 24h high: 3.0886 USDT
🔹 24h low: 2.9971 USDT
🔹 Trading volume: 206.66 million USDT
Trend and technical picture:
The price has dropped below EMA 7 (3.0220) and EMA 25 (3.0291), approaching EMA 99 (2.9973) — this indicates a short-term bearish momentum.
MACD: -0.0048 (< signal line 0.0028) — weak bearish momentum.
Stochastic RSI: %K 18.06, %D 11.70 — in the oversold zone, a bounce upwards is possible.
RSI: 14-day 45.61, 7-day 39.42 — neutral-bearish sentiment.
Key levels:
Support: 2.9796 — a break below may lead to a decline to 2.7826
Resistance: 3.1056 — a breakout above may signal a bullish reversal
✅ Short-term targets:
Possible bounce if support at 2.9796 holds → first target around 3.05–3.08
Upon breaking 3.1056 → next target 3.15–3.18
Upon breaking 2.9796 → decline to 2.85–2.78
💡 Conclusion: The current trend is short-term bearish, but oversold conditions provide a chance for a bounce. Entry should only be with confirmation of movement from key levels.
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XRP
2.9595
-3.79%