#XRP

XRP/USDT Analysis:

1. Current price and important levels:

Price: 2.2249 USDT, down -2.57%.

Important support at 2.19 USDT and major resistance at 2.30 USDT.

2. Technical indicators:

RSI at 41.76: indicates a neutral zone close to oversold.

Stochastic RSI is high (79.14) hinting at a possible correction soon.

MACD is negative: supports the continuation of the downward pressure.

Bollinger Bands: price is close to the middle band, momentum is weak.

3. General trends:

The general short-term trend is bearish, with a possible rebound if the support level of 2.19 USDT is maintained.

The bullish momentum needs a break of 2.30 USDT to confirm the beginning of an upward wave.

Short Scalping:

Wait for a break of resistance at 2.30 USDT to buy.

Stop loss below 2.19 USDT.

Long term investing:

If the price drops below 2.19 USDT, waiting for lower levels may be safer.

Buy on a strong bounce with targets between 2.50 - 2.60 USDT.

Risk management is essential with a stop loss to avoid market volatility.