XRP/USDT Technical Analysis & Trade Signal
Current Price: $2.3988
24h High: $2.5319 | 24h Low: $2.3548
Technical Indicators:
RSI (14): Neutral (around 50), indicating no clear overbought or oversold conditions.
MACD: Slight bearish crossover, signaling potential for downward momentum.
Support: $2.35 (recent low)
Resistance: $2.53 (recent high)
Trade Signal: Sell on Retracement
Trend: The price has recently seen a slight bearish momentum, with a -1.35% drop in 24 hours. However, the overall trend is neutral.
Action: Consider a short entry near $2.43-$2.45 (if price retests resistance) or buy at support near $2.35 for a potential rebound.
Target Levels 🎯:
1. Target 1: $2.32 (Minor support)
2. Target 2: $2.20 (Stronger support)
3. Target 3: $2.10 (Key support area)
Momentum:
Bearish Short-Term: Potential for downward movement in the short term due to the MACD crossover and resistance at $2.53.
Bullish Long-Term: If the price holds above $2.35, a rebound to $2.53 is possible. A breakout above $2.53 could trigger further bullish momentum.
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