#XRP/USDT🔥🔥:
1. Current price situation:
• Current price: 2.0645 USDT (down 14.12% in the last 24 hours).
• 24-hour low: 1.9836 USDT (this is the short-term support area).
• 24-hour high: 2.4418 USDT.
2. Trend analysis:
• MA line:
• MA(7) (gold): 2.1863 - Price is below the short-term MA, reflecting a strong downtrend.
• MA(25) (red): 2.4037 - Price is also below the medium-term MA, indicating selling pressure.
• MA(99) (purple): 2.0498 - Current price is near the long-term MA, which may be an important support area.
• RSI index:
• RSI(6): 23.63 - Oversold, high chance of short-term recovery.
• RSI(12): 30.64 - Near the oversold area.
• RSI(24): 41.30 - Neutral, indicating that the price may still decrease but selling pressure has gradually diminished.
• MACD indicator:
• DIF (-0.0807) and DEA (-0.0304) negative, MACD (-0.0502) indicates that the downtrend still dominates.
3. Recommended buying price range:
• Short-term buying price: 2.00 - 2.05 USDT (near the MA(99) support area or lower). This area is potential for swing trading if RSI increases again.
• Long-term buying price: 1.90 - 1.98 USDT (strong support area, near the 24-hour low). This is a safer level for long-term investors.
4. Note:
• Short-term: If the price breaks the 1.98 USDT area, quick loss-cutting is needed as selling pressure may increase.
• Medium/long-term: If the price recovers and exceeds 2.20 USDT (MA7), a more positive trend may form.
