Here is the latest technical analysis for $XRP :

According to analysis from MarketScreener, the short-term trend for XRP shows a bearish pattern, while the medium and long-term trends are bullish. The nearest support level is at $2.0550, and resistance is at $2.3220.

In addition, analysis from Investing.com shows a Strong Buy signal based on technical indicators such as Moving Averages and Oscillators.

Recommendations:

Long Position: If the price manages to break through the resistance level at $2.3220 with high volume, this could be a signal to open a long position, anticipating the continuation of the bullish trend.

Short Position: If the price falls and breaks through the support level at $2.0550, this could be an indication to open a short position, anticipating a further decline.