Ripple price analysis (Bullish) — 2.20 USDT (-1.64% 24h)

XRP is showing consolidation patterns after recent volatility, currently trading at $2.1989 with a modest 24-hour decline of 1.64%. The token finds itself in a technical sweet spot with RSI at 53.09, indicating neither overbought nor oversold conditions. More importantly, the current price sits comfortably above both the 20-day SMA ($2.193) and 50-day SMA ($2.181), suggesting underlying bullish momentum remains intact. Trading volume of $305 million demonstrates healthy market participation, though volatility remains elevated at 4.88%. For traders, this setup presents opportunities on both sides – consider long positions above $2.20 with stops below $2.18, while short-term pullbacks toward the 50-day SMA could offer attractive entry points. The key resistance to watch is the $2.25 level, which if broken, could trigger another leg higher. Given the technical positioning, I’d lean toward buying dips rather than chasing breakouts.