$XRP

Price Analysis: Is the Next Breakout Coming

Current Price: $2.27 (+0.46%)

24h Range: $1.96 - $2.35

Indicators to Watch:

RSI at 42 suggests the market is cooling off after a rally, with potential for oversold conditions

MACD shows bearish momentum fading, indicating a possible reversal

The price is holding above the 99-day Moving Average (MA), signaling strong long-term support

My Analysis & Suggestion:

XRP has seen a healthy correction after testing resistance near $2.90. With buyers defending the $2.25 level, a rebound could be in the cards. If the price breaks the $2.35 resistance, it could rally toward $3.00. However, failure to hold above $2.20 may lead to further downside toward $2.00.

Consider accumulating cautiously in the $2.20-$2.30 range if bullish momentum picks up. Tight stop-losses are recommended in this volatile market.