Ripple price analysis (Neutral) — 2.43 USDT (-1.42% 24h)

XRP is showing signs of consolidation after recent volatility, currently trading at $2.43 with a modest 24-hour decline of 1.42%. The RSI reading of 42.88 indicates the asset is approaching oversold territory, potentially setting up for a near-term bounce. Trading volume remains robust at $328 million, suggesting continued institutional interest despite the price dip. The current price sits between the 20-day SMA ($2.47) and 50-day SMA ($2.43), indicating a critical technical juncture. Traders should watch for a decisive break above the 20-day SMA as a potential bullish signal, while failure to hold the 50-day SMA could trigger further downside toward $2.35 support. Given the elevated volatility reading of 3.74%, position sizing remains crucial. Consider scaling into long positions on dips toward $2.40 with tight stops, while aggressive traders might short rallies failing at the $2.47 resistance.