XRP is currently oversold with a low RSI, suggesting potential for a rebound. Recent price action shows volatility with clear support and resistance levels.
Current Market Overview
XRP is trading at $2.85, down 0.25% in 24 hours. The RSI is very low at 28.6, indicating oversold conditions which often precede a price bounce.
Key Support and Resistance
Recent local lows near $2.81 provide strong support. Resistance is seen around $2.98 from recent highs. The price is below both 20-day and 50-day SMAs, showing short-term weakness.
Trading Strategy
Consider buying near support at $2.82 for a potential rebound. Sell near resistance at $2.98 to take profits. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 2.82 USDT
Sell Price: 2.98 USDT
Key metrics
| Price | 2.8537 USDT |
| 24h Change | -0.25% |
| RSI(14) | 28.64 |
| SMA20 / SMA50 | 2.91 / 2.88 |
| Daily Volatility | 2.34% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
