The cryptocurrency market continues to attract investors’ attention, especially with the sharp volatility of the $XRP coin. After a significant drop to 1.7711 USDT, the price has started to recover to reach 2.3586 USDT. Is this the beginning of a real recovery or just a temporary bounce? Let’s analyze the technical indicators and determine the best entry and exit points

Trend Analysis

XRP/USDT saw a sharp decline from 3.0578 USDT to 1.7711 USDT before settling at 2.3586 USDT with a slight increase of +0.37%. Despite this rise, the overall price trend is still bearish, which calls for caution when making investment decisions.

Technical Indicators Analysis

1️⃣ Moving Averages (MA)

MA(5) = 74,853,465 (yellow)

MA(10) = 65,842,276 (purple)

It appears that the 5-day moving average is starting to cross above the 10-day average, indicating a short-term recovery attempt, but it still needs confirmation from other indicators.

2️⃣ Relative Strength Index (RSI)

RSI (6) = 43.35

The RSI is still below 50, indicating weak buying momentum and no confirmation of a strong uptrend. If it crosses 50, there may be a chance for a continued uptrend.

3️⃣ MACD indicator

DIF = -0.0752, DEA = -0.0917, and MACD = 0.0165

MACD is showing attempts at weakness in the downtrend with weak bullish signals starting to appear, but not enough to confirm a trend reversal.

The most important areas for buying and selling

📈 When to buy $XRP ?

If the price exceeds 2.5560 USDT, it indicates the beginning of an uptrend.

Buying at support between 1.98 - 2.00 USDT could be a good opportunity if the price holds at this level.

📉 When to sell XRP?

If the price breaks the support of 2.2729 USDT, it may continue to decline to 1.98 USDT or lower.

When approaching the resistance levels of 2.5560 - 2.8391 USDT, profits can be taken if there is no strong breakout.

Conclusion: Is $XRP on the road to recovery?

Despite the current bounce, the overall trend is still not clear enough to confirm the start of a strong uptrend. The price needs to break the 2.5560 USDT level to regain the upward momentum. Until then, investors are advised to keep an eye on the RSI and MACD and use stop-loss strategies when trading.

Do you think XRP will regain its strength soon, or are there more declines on the horizon? Share your thoughts in the comments.