Ripple price analysis (Bearish) — 2.09 USDT (-4.16% 24h)

XRP/USDT is experiencing a notable pullback, trading at $2.0886 after a 4.16% decline over the past 24 hours. The asset is now testing a critical technical juncture, with its current price dipping just below the 20-day Simple Moving Average ($2.1076) and well under the 50-day SMA ($2.1523). The RSI reading of approximately 31 indicates the asset is flirting with oversold territory, which could signal a potential near-term relief bounce or consolidation. However, the significant 24-hour volume of over $204 million suggests this move is backed by substantial conviction, warranting caution. The elevated volatility reading of 3.48% underscores the current market tension. For traders, a defensive posture is advised. Watch for a decisive break and close below the $2.08 level, which could open the door to further downside toward the $2.00 psychological support. Conversely, a reclaim of the 20-day SMA could signal a short-term recovery. Position sizing should be conservative until clearer directional momentum emerges.