Technical Analysis $XRP

1. Moving Averages:

• MA(7) (yellow line): at 2.37 USDT, above the current price, indicating a local downtrend.

• MA(25) (pink line): at 2.29 USDT, the price is close, signaling a phase of consolidation.

• MA(99): at 1.07 USDT, acts as long-term support.

2. Volumes:

• During the rise to 2.90 USDT, volumes significantly increased, indicating strong buyer interest.

• After the pullback, volumes decreased, suggesting a reduction in market participant activity.

3. Key Levels:

• Resistance: 2.90-3.00 USDT (local maximum).

• Support: 2.10-2.20 USDT (previous consolidation zone) and 1.95 USDT (minimum of the last drop).

4. Current Situation:

• XRP is in a correction zone after a strong impulsive rise.

• The current price around 2.31 USDT is positioned between short-term MA(7) and MA(25), confirming uncertainty.

Forecast for the next few days:

1. Bullish Scenario:

If the price consolidates above 2.37 USDT (MA(7)), a rise to levels of 2.50-2.60 USDT is possible.

2. Bearish Scenario:

If the price drops below 2.20 USDT, expect movement towards strong support at 1.95 USDT.