📊 Quick technical analysis
✅ Notable rebound! After a sharp drop to $2.0591, XRP rebounded strongly to approach $2.31 before retesting critical support areas — indicating strong buyer intervention at the lows.
✅ Low RSI! The Relative Strength Index (RSI = 23.02) is in the oversold area, which is a classic signal for a potential upcoming bullish rebound — the market is shouting: “Buying opportunity?!”
✅ MACD is about to reverse! The blue line (DIF) is close to the signal line (DEA), which may lead to a positive crossover and the emergence of buying momentum in the upcoming sessions.
✅ Current support is strong! The price is moving near $2.20, which is a support area that has been tested previously — maintaining it could form a base for a new breakout.
✅ Stable trading volumes! Despite the decline, trading volume remains steady, indicating a balance between supply and demand while waiting for the moment of explosion.
$XRP
🚀 Expected scenario:
🔼 If the price manages to break above the resistance at $2.31, the next step could be towards $2.48 then $2.60, and even levels above $2.70 are possible in the coming sessions!
🔽 If the price fails to hold above $2.20, the $2.08 - $2.10 area will be the crucial defense line before returning to $2.00.
$XRP
🔥 Is XRP ready to explode?!
Current technical data, along with signs of overselling and the emergence of momentum indicators, suggest that a breakout may be very close! 📉📈
🚨 With legal news or new partnerships approaching Ripple, this may be the perfect time to prepare for an impending sharp move!
