$XRP /USDT Daily Chart Analysis

Price Overview:
XRP is trading at $2.2477, down 2.16% for the day. The asset is consolidating after a strong rally, facing resistance at $2.3164.

Key Levels:

Resistance: $2.3164. A breakout above this level could lead to a retest of $3.00.Support: $2.2333 (short-term) and $1.7686 (50-day SMA).

Trend and Momentum:
XRP remains in an uptrend, with the price well above the 50-day SMA. However, the drop below the 9-day SMA indicates short-term bearish pressure.

Volume:
Current volume is 63.7M, lower than during the recent rally, signaling reduced momentum.

Summary

XRP is consolidating within a narrow range. A move above $2.3164 could resume the bullish trend, while a drop below $2.2333 risks deeper correction. Monitor key levels and volume for clarity.