$XRP Quick analysis

Pair: XRP/USDT

Price: $2.9750 (↓ –3.67%)

Timeframe: 1 hour (1h)

Volume: ~2.49M

Indicator: RSI (14)

🔹 Price Action

Price has been choppy, moving between ~$2.90 and ~$3.40.

Currently, it’s pulling back from the $3.30–$3.40 resistance zone.

Support seems to be forming around $2.90 – $2.95, while resistance is near $3.30 – $3.40.

🔹 RSI Analysis

RSI at ~28, which indicates oversold conditions.

This suggests the selling pressure may be overextended, and a short-term bounce or recovery could happen soon.

🔹 Key Takeaways

Short-term: Market looks oversold, possible bounce toward $3.10–$3.20.

Medium-term: If support at ~$2.90 breaks, price could test lower levels around $2.70–$2.80.

Resistance to watch: $3.30–$3.40.

👉 Overall: Bearish pressure right now, but oversold RSI hints at a possible relief bounce soon.

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