📊 Technical Analysis — XRP/USDT (1h)
XRP rises +3.30% and trades at $2.1515 after a strong push, peaking at $2.1780 in the last 24h.
📈 Trend:
Confirmed reversal movement with break of moving averages and explosion of volume. The trend now is bullish in the short term.
📉 Technical Indicators:
• RSI(6): 73.42 — indicates overbought, possible short-term correction.
• RSI(12/24): also high, suggest attention to pullbacks.
📊 Moving Averages:
• MA(7): $2.1124
• MA(25): $2.0795
• MA(99): $2.0568
The price is above all moving averages, indicating dominant buying strength.
📌 Supports and Resistances:
• Immediate support: $2.0950
• Resistance: $2.1780 (peak of the current movement). If broken, it may seek $2.22–$2.25.
📈 Volume:
Large volume spike confirms strength of the breakout. Maintenance of volume is essential for continuation of the rise.
🎯 Summary:
XRP breaks resistance with strength and volume, but high RSI demands caution. There may be a pullback before another attempt to rise.
💡 Strategy:
Safer entry after a pullback near $2.10. Break of $2.1780 with volume opens a new window for appreciation.
