Currency Analysis $XRP Hourly Frame/

Important Levels (Supports and Resistances):

Supports:

2.3708: Represents the lowest price during the past 24 hours.

2.3125 - 2.2655: Strong support areas in case of continued decline.

Resistances:

2.4562 (Moving Average 25): In case of a breakout upwards, the price may head upwards.

2.4885 (SAR Parabolic): Potential reversal indicator if exceeded.

2.5290: High level during the 24 hours, strong resistance.

Indicators Analysis:

Moving Averages:

MA(7) is below MA(25) and MA(99), indicating a short-term bearish trend.

RSI(6) = 37.94: Close to oversold zone (<span which may indicate a possible bounce.

MACD Negative (-0.0105): Reflects weak bullish momentum.

Conclusion:

General trend: Bearish in the short term, price needs to break 2.45 - 2.49 to confirm the upside.

Opportunities: If price reaches 2.37 or lower, consider buying with a stop loss below 2.31.

Caution: If 2.37 breaks down, it may drop further towards 2.31 - 2.26.