$XRP CRASHES to $2.58❗ Oversold and ready to rebound get ready for the next big move❗$XRP /USDT Sharp Drop – Recovery or Continued Decline❓$XRP is currently trading at $2.5966, down -5.21% over the past 24 hours. The token has seen a 24-hour high of $2.7874 and a low of $2.4720, with a steep drop indicating heightened selling pressure.
Key Levels to Watch
Resistance: $2.6500 – A recovery above this level is crucial for bullish momentum.
Support: $2.4700 – A breakdown below this could accelerate losses.
Trade Setup
Entry Zone: $2.5800–$2.6000 – A potential entry area as XRP attempts stabilization.
Stop-Loss: Below $2.4500 to limit risks.
Targets
1. $2.6500 (Short-Term)
2. $2.7500 (Mid-Term)
3. $2.9000 (Extended Target)
Technical Indicators
RSI: At 33.95, nearing oversold territory, signaling a potential bounce.
MACD: Bearish crossover, reflecting ongoing selling pressure.
Market Insight
XRP’s sharp sell-off to $2.4720 suggests increased bearish momentum, but RSI in oversold territory hints at a possible short-term recovery. A break above $2.6500 is needed to confirm a reversal, while failure to hold $2.4700 could lead to further declines.
Pro Tip: Monitor volume closely for signs of buying strength at support or selling exhaustion. Use tight stop-losses due to heightened volatility.
#XRP
