Currently:
Price XRP/USDT: 2.2649 (+1.45%)
Timeframe: 1 hour
Indicators:
Bollinger Bands: Price is moving down from the upper boundary (UP 2.3447) to the middle line (MB 2.2837) and below.
RSI(6): 31.7 — this is already an oversold zone (below 30 is a clear signal of oversold).
Stochastic RSI: 3.74 — very low value, oversold.
MACD: The lines have crossed down, the histogram is decreasing — bearish signal.
What does this mean?
Currently, the price is in a downtrend.
However, RSI and Stochastic RSI are very close to the oversold zones.
This may indicate that a local recovery (bounce upwards) is possible soon, but there are no reversal signals yet.
My assessment of the movement:
If the price holds above the level of 2.22–2.23 (the lower boundary of Bollinger Bands DN 2.2227), a bounce upwards to the middle line of Bollinger Bands — to 2.28–2.29 — is possible.
If the price breaks below 2.22, the decline may continue.
Nearest levels:
Support: 2.2227 and below 2.18.
Resistance: 2.2837 and then 2.3447.#XRPETFs #XRPGoal #XRPUSDT🚨