Analysis of the current situation: $XRP
1. Current price: ~2.0630 USDT.
2. Moving averages (MA):
• MA(7): Price is below this line, indicating a local downtrend.
• MA(25): Also above the current price, confirming trend weakening.
• MA(99): Significantly below the current price, indicating a long-term support zone.
Key levels:
• Resistance: 2.15–2.18 USDT (MA(7) and local peak).
• Support: 1.99–2.00 USDT (local minimum and psychological level).
Forecast for the coming days:
1. Short-term outlook (1–3 days):
• If the price consolidates above 2.15 USDT, a bounce to 2.30–2.35 USDT is possible.
• If the price breaks below the level of 2.00 USDT, there is a chance of a correction to 1.90–1.85 USDT.
2. Medium-term outlook (1–2 weeks):
• In the presence of positive news, the market may resume growth and return to the level of 2.50–2.60 USDT.
• If the downtrend continues, a correction to 1.75–1.80 USDT can be expected.
Recommendations:
1. Entry into the coin:
• For short-term trading: Enter on breakout and consolidation above 2.15 USDT. Targets: 2.30–2.35 USDT.
• For long-term position: Buy closer to the zone of 1.85–2.00 USDT.
2. Stop-loss: Place just below 1.85 USDT to protect capital.