$XRP Based on the provided XRP/USDT daily chart, the market is currently in a corrective phase within a broader downtrend, but early signs of stabilization are starting to appear. Price is trading around 1.93, recovering from a recent local low near 1.77. This bounce suggests short-term buying interest after sellers lost momentum, though overall structure still favors caution.
From a Bollinger Bands (20,2) perspective, price recently touched the lower band and has moved back toward the middle band (MB ≈ 2.00). This behavior typically indicates a mean reversion attempt rather than a confirmed trend reversal. The upper band near 2.19 remains far above price, implying that upside potential exists but is not yet validated by strong momentum or volume expansion.
The RSI (14) stands around 42, which is below the neutral 50 level. This reflects weak bullish strength but also signals that XRP is no longer in deeply oversold territory. RSI forming higher lows while price rebounds from 1.77 could be interpreted as a bullish divergence attempt, though confirmation would require RSI to reclaim and hold above 50.
Volume analysis shows declining trading activity, with current volume well below the MA(5) and MA(10). This suggests that the recent bounce lacks strong conviction and is driven more by short covering than aggressive accumulation. For a sustainable upside move, volume expansion must accompany a break above key resistance zones.
Key support levels lie at 1.77 and 1.81, where buyers previously stepped in. A daily close below this zone would invalidate the recovery scenario and reopen downside risk. On the upside, resistance is located at 2.00–2.05 (middle Bollinger band) and stronger resistance near 2.12–2.20. In conclusion, XRP is in a short-term recovery within a bearish-to-neutral trend, suitable for cautious range trading rather than aggressive trend-following until confirmation emerges.
Also, looking for solid volume on $XRP and $BTC for entry position
