Ripple price analysis (Neutral) — 2.82 USDT (-6.01% 24h)

XRPUSDT is currently trading at $2.82, down 6.01% over the past 24 hours amid elevated volatility of 2.19%. The RSI reading of 15.48 indicates severely oversold conditions, suggesting potential for a near-term bounce. Trading volume remains substantial at $395M, showing continued market interest despite the price decline. Both the 20-day SMA ($2.94) and 50-day SMA ($2.97) are above current price levels, confirming the short-term bearish momentum. However, the extreme oversold RSI combined with strong volume suggests we might be approaching a local bottom. Traders should watch for potential reversal patterns around the $2.75-$2.80 support zone. Consider scaling into long positions with tight stops below $2.70 for a potential rebound trade.