$XRP Technical Analysis

The current price of the coin is $2.1935.

The coin is down by -1.76% in the last 24 hours.

2. Trading range for 24 hours:

Highest price: $2.2938.

Low price: $2.1604.

3. Chart analysis:

General trend (on 5-minute frame):

There is volatility in the price action. After falling from the level of 2.2938, the coin started to form a corrective wave.

The current movement is slightly upward but is approaching resistance at around the level of 2.20.

4. Technical indicators:

RSI (Relative Strength Index):

The current value is around 48.43.

The indicator indicates a neutral zone (not overbought or oversold). If it breaks 50, it may mean an upward trend.

MACD (MACD Indicator):

The fast line (DIF) is very close to the slow line (DEA), indicating slight volatility.

The current bar in the histogram is close to zero, indicating weak momentum.

Moving Averages (MA):

The 5-period moving average (343,437) is slightly above the current market volume, indicating balanced selling pressure.

5. Volume:

The current trading volume is relatively low compared to the 10-period moving average (1,119,794), indicating weak current interest in the market.

Recommendation:

1. Entry:

Wait for confirmation of the breakout of the 2.20 level before entering a buy trade.

If the price breaks the support level of 2.16, there may be an additional decline.

2. Stop Loss:

Place a stop loss below the last support level of 2.16.