📊 Current price situation 89700005842

Current price: Approximately $2.14 USD, slightly up 0.94% in the last 24 hours.

Daily fluctuation: Price ranged from $2.09 to $2.17.

24h trading volume: Approximately $2.42 billion USD.

Market capitalization: Approximately $125.57 billion USD, ranked 78216327225 in the cryptocurrency market. (Binance)

📉 Technical analysis

Important support: The $2.08–$2.10 level is being closely monitored; if broken, the price may drop to the $1.98–$2.00 range.

Nearest resistance: The $2.18–$2.24 level; needs to be surpassed to confirm the short-term uptrend.

49916167279 At 36.37, indicating that the market is in the oversold zone, a technical rebound may occur.

01825489723 In a downtrend, confirming that selling pressure remains. 16585589648 Edition

⚠️ Factors to watch

"Death Cross" signal: XRP is approaching the formation of a "death cross" – when the 50-day moving average crosses below the 200-day moving average, usually signaling a long-term downtrend.

Decreased network activity: A decline in activity on the XRP Ledger may reduce demand and negatively affect prices.

Market sentiment: The market is awaiting interest rate decisions from the U.S. Federal Reserve (Fed), which could impact the entire cryptocurrency market, including 89700005842.

🔮 Short-term prediction

If the support level of $2.08 is lost, the price may drop to the $1.98 range or lower.

If it holds above $2.10 and surpasses the resistance of $2.18, the price may head towards the $2.30–$2.33 range.

✅ Conclusion

Currently, XRP is in an accumulation phase with a slight downtrend.

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