$XRP
XRP is in a bearish phase with the price trading below key moving averages and a downward-trending MACD. If the price holds above $2.4444 support, a short-term bounce toward $2.50 could occur. However, failure to hold $2.4444 might lead to further downside toward $2.40 or lower.
Trading Strategy
1. Bearish Scenario: Enter a short position if the price closes below $2.4444, targeting $2.40 with a stop-loss above $2.50.
2. Bullish Scenario: Enter a long position if the price breaks and sustains above $2.50, targeting $2.5634 with a stop-loss below $2.4444.
Support and Resistance:
Immediate support: $2.4444 (recent 24-hour low).
Next significant support: $2.40 (psychological level).
Immediate resistance: $2.50 (round number and close to MA25).
Key resistance: $2.5634 (24-hour high and MA99).