Ripple price analysis (Bearish) — 2.85 USDT (-0.39% 24h)

XRP is showing significant weakness at $2.8458, down 0.39% over 24 hours amid elevated volatility of 2.34%. The RSI reading of 27.96 indicates deeply oversold conditions, suggesting potential for a short-term bounce. However, price trading below both the 20-day SMA ($2.91) and 50-day SMA ($2.88) confirms the bearish momentum structure. Volume remains substantial at $400M, indicating active participation in this move. Traders should watch for a potential relief rally toward the $2.88-2.91 resistance zone, but any bounce is likely to face selling pressure. Risk-averse traders should wait for a confirmed break above the 20-day SMA before considering long positions. Current levels may attract dip-buyers, but strict stop-losses below $2.80 are advised given the prevailing downtrend.