XRP/USDT continues its journey in the cryptocurrency market with sharp volatility, having seen a significant drop from $3.40 to $2.2984. Is this a sign of the end of the downtrend and the beginning of a new recovery, or are we about to test deeper support levels? Let’s analyze the technical indicators and identify upcoming buying and selling opportunities.

🔍 Analysis of the general market trend

Currently, XRP price is trending down after a series of sharp declines, with an important support at $1.77. This level represents a crucial barrier that could determine whether the price will see an upward bounce or continue to decline to lower levels.

📊 Main technical indicators

1️⃣ Relative Strength Index (RSI)

🔸 Currently at 17.13, indicating that the coin is in an oversold condition, which is an indication of a possible rebound soon.

2️⃣ MACD indicator

🔸 Continuation of the negative crossover indicates strong selling momentum, but any reversal in the trend may be a signal for the start of an upward wave.

3️⃣ Volume Analysis

🔸 A significant increase in selling volumes reflects strong downward pressure, but if we start seeing an increase in buying volumes, it could be an indication of liquidity entering and a trend reversal.

🚀 When can I buy and sell?

✅ Potential purchase opportunities:

When the price bounces from the $1.77 level with strong support signals appearing.

If the price breaks the $2.40 barrier and closes above it steadily, confirming the entry of buyers.

❌ Potential sales opportunities:

If the price breaks the $2.00 level, we may see further decline.

At the resistance levels of $2.76 - $3.12, the price may face strong selling pressure.

🔥 Will the coin go up soon?

🔹 Positive scenario:

If the RSI and MACD indicators start improving, and green trading volumes increase, we may see a bounce to $2.76-$3.12 in the coming period.

🔹 Negative scenario:

If the selling momentum continues, the price may test $1.77, and if it does not hold, it may head lower.

📌 Conclusion

The current trend is down, but there are signs of a possible rebound.

Buy at support $1.77 or after confirmation of rise above $2.40.

Sell ​​at $2.76 - $3.12 or if price breaks $2.00 down.

Monitor RSI, MACD, and volume to confirm the upcoming trend.

$XRP

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