XRP/USDT is currently trading at $2.2612, showing a +4.36% gain in the last 24 hours, suggesting some buying interest after a recent dip. The price previously peaked at $2.3370, but has since experienced a pullback, now hovering just above the 25-day MA at $2.2383. The 7-day MA ($2.3026) has turned downward, indicating weakening short-term momentum. However, the 99-day MA at $2.1718 remains a key support to watch. The RSI reading of 36.30 is approaching oversold territory, which could attract dip buyers if the downtrend slows. Volume is moderate at 6.31 million, with recent red candles indicating some short-term profit-taking or distribution. Notably, XRP still posts a massive +362.10% gain over the past year, indicating strong long-term performance despite the current correction. While short-term weakness is evident, the broader uptrend remains intact unless the price breaks significantly below the 99-day MA. A rebound from current levels could offer a buying opportunity, especially if RSI trends upward again.
