The chart shows a significant "V-shaped" attempted recovery after a sharp sell-off. The price hit a 24-hour low of 1.1174 and is currently trading around 1.4126, marking a +3.59% increase in the last 24 hours.
Technical Indicators $XRP #xrp
Moving Averages (MA): * The price is currently trading below the MA(20) at 1.4540 and the MA(50) at 1.5911.
For a confirmed bullish trend reversal, the price needs to break and hold above the 1.4540 level.
RSI (14): * Currently at 44.21. It has bounced back from the "Oversold" territory (below 30).
This suggests that the immediate panic selling has cooled off, but the momentum is still neutral-to-weak.
MACD: * The MACD lines are deep in negative territory, but the histogram shows the red bars are shrinking.
A "Bullish Crossover" (where the yellow DIF line crosses above the purple DEA line) appears to be forming, which could signal more upward movement.