XRP/USDT

XRP is attempting a recovery after a prolonged downtrend, showing a +3.33% gain. Price is currently testing the 50 EMA (yellow) as resistance, with the 100 EMA (green) and 200 EMA (blue) looming above. This suggests that the downtrend remains dominant, and a break above these key moving averages is needed for bullish confirmation.

The RSI at 55.71 signals growing bullish momentum but isn't in overbought territory yet. The MACD is turning bullish, with the MACD line crossing above the signal line, hinting at potential upward continuation. However, stronger confirmation would be needed with increasing volume.

Immediate resistance levels are $2.29 (100 EMA), $2.40 (200 EMA), and $2.50, while support lies around $2.10 and $2.00. A rejection at current levels could trigger a retest of support before another breakout attempt.

Outlook: Cautiously bullish—price needs to clear the 100 & 200 EMA for a confirmed uptrend. If rejected, expect consolidation or a pullback.