Here is a simplified analysis of currency $XRP

XRP (Ripple) using support and resistance levels,

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1. Support and Resistance Levels

The critical support is currently at $2.70, which is a key level to maintain the current price trend within the narrow range of $2.75 – $2.85. Any breach below $2.70 could push the price down towards $2.00.

The primary resistance is located at $3.00. Breaking this level could ignite strong upward momentum, potentially pushing the price towards $3.70 or more.

According to CoinDesk's report, the price is fluctuating between $2.975 – $2.98 as recurring psychological support, while $3.02 – $3.04 is strong resistance that the price is trying to break through.

Additional sources like FXLeaders identify support levels at $2.70, $2.75, $2.80, and resistances at $2.90, $2.95, $3.00.

Summary: Important support: $2.70 – $2.98. Critical resistance: $3.00 – $3.04.

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2. RSI Readings (Relative Strength Index)

From the Bitget platform, RSI was measured at 43.6, indicating a neutral state, neither overbought nor oversold.

According to CoinDesk's report, today's RSI is in the mid-50s, which also reflects a neutral state and a potential trigger for forming a near-term trend.

RSI is known to range from 0 to 100, interpreted as values above 70 indicating overbought, and below 30 indicating oversold. It is typically between 50 – 80 in an upward trend and 50 – 30 in a downward trend.

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