Technical Analysis $XRP

1- Current Price: 3.4317 ( +0.06% )

After a strong rise reaching 3.6607, a slight weakness is starting to appear at the peak.

2- Moving Averages (EMA)

- EMA7: 3.1773

- EMA25: 2.6964

- EMA99: 2.3779

↳ The price is much higher than all the averages → Clear upward trend, but currently overbought.

3- Relative Strength Index (RSI)

- RSI (6) 87.5

- RSI (14) 84.0

- RSI (24) 77.3

Very high overbought condition → Very close possibility of correction.

4- MACD

- DIF: 0.2978

- MACD: 0.1013

- Positive crossover established but may reach peak soon.

5 - Trading Volume

- Significant increase in liquidity recently but the last candle is down with relatively high volume → Possibility of beginning correction.

Conclusion

- The overall trend is upward but the price is in a state of excessive overbought.

- If the price fails to return above 3.60, we may witness a correction towards 3.17 or even 2.95.

- Suggestion

- If you are in the trade, set a partial stop or monitor today's close.

- For day trading, partial selling makes sense here.