In-depth technical analysis of XRP: Is it time to buy or sell?

The $XRP coin continues to interest investors, as it has seen sharp volatility over the past few days. After reaching 3.40 USDT, the price took a sharp drop to 1.77 USDT before starting to recover. Currently, XRP/USDT is trading at 2.6127 USDT, down 3.92% in 24 hours. Is this drop a buying opportunity, or is more downside coming?

🔍 Technical reading of market indicators

1️⃣ Moving averages:

The 5-day moving average at 220,547,805 indicates sharp market volatility.

The 10-day moving average at 214,505,958 is showing some stability, but there is still selling pressure.

2️⃣ Relative Strength Index (RSI):

It stands at 49.67, indicating that the market is in a neutral zone, neither overbought nor oversold.

3️⃣ MACD indicator:

A negative crossover but starting to show signs of weakness in selling momentum, which may indicate an imminent trend reversal.

📈 When is buying a good decision?

If the price settles above 2.61 USDT and starts forming higher lows, this could be a sign of buying strength.

A break of the nearby resistance at 2.76 USDT with high trading volume could push the price towards 3.00 USDT or higher.

RSI above 55 and MACD improving boosts upside chances.

📉 When is selling the best option?

If the price fails to surpass 2.76 USDT and returns to decline, selling at 2.70 – 2.75 USDT might be a wise choice.

A break of the support at 2.60 USDT could lead to further decline towards 2.40 – 2.48 USDT.

RSI falling below 40 or MACD increasing selling momentum will confirm the downtrend.

🔮 Market Forecast: Is $XRP Ready for a Price Explosion?

✅ Short term: Sideways movement with a slight downward slope.

✅ Medium term: If the price breaks above 2.76 USDT, we may see a new bullish breakout.

✅ Long-term: XRP needs to break the 3.00 USDT barrier to confirm a return to the uptrend.

🚀 Bottom line: Should you buy or sell?

If you are a day trader, wait for confirmation of the breakout above 2.76 USDT to enter.

If you are a long-term investor, watch the support at 2.60 USDT, a break below it could signal a temporary exit.

Follow the news and trading volume closely, as the market may be ready for a sudden bullish wave.

⚠️ Note: This analysis is not considered investment advice, but rather a technical vision to help traders make their decisions based on the available data.