$XRP Technical Analysis - XRP/USDC đ
Current Price: 2.5526 USDC (+0.67%)
Key Points:
1. Parabolic SAR: Short-term bearish pressure (yellow dots above the candles).
2. Volumes: Recent decline in volumes, indicating a loss of momentum.
3. RSI:
âą RSI(6): 69 (close to the overbought zone).
âą RSI(24): 75.5 (overbought asset, risk of correction).
4. MACD: Slightly positive (+0.0460), but a negative crossover could signal a bearish trend.
5. Stochastic: Indicates an overbought zone (>70), which could announce a short-term correction.
6. OBV: Weak progress, indicating moderate buying interest.
Possible scenarios:
âą Bullish: If XRP breaks the resistance at 2.9088 USDC, a target of 3.03 USDC is possible.
âą Bearish: A break below 2.14 USDC could lead to a correction towards 1.90 USDC.
Suggested strategies:
âą Buyers: Wait for a pullback to supports before entering.
âą Sellers: Watch for a bearish crossover on MACD or a break of supports.
đ Keep an eye on volumes and indicator confirmations before acting.