Ripple price analysis (Bullish) — 2.15 USDT (+0.89% 24h)

XRP is showing intriguing technical signals at the current $2.15 level. The asset has declined 0.89% over the past 24 hours but finds itself in technically oversold territory with an RSI reading of 28.23 – well below the traditional 30 oversold threshold. This suggests potential for a near-term bounce. The price currently trades below both the 20-day SMA ($2.20) and 50-day SMA ($2.19), indicating short-term bearish momentum, though the close proximity of these moving averages suggests consolidation may be imminent. Trading volume remains robust at $362 million, providing adequate liquidity for position entries. Given the oversold conditions and high volatility reading of 4.28%, traders might consider scaling into long positions with tight stops below $2.10. Resistance awaits at the $2.19-$2.20 SMA confluence zone, while sustained breaks above could target the $2.25 psychological level.