Ripple price analysis (Bearish) — 2.43 USDT (-13.84% 24h)

XRP is showing significant technical strain as price hovers at $2.4265, down over 13% in 24 hours amid elevated trading volume exceeding $1.78 billion. The RSI reading of 30.6 indicates oversold conditions, suggesting potential for a near-term relief bounce. However, the current price sits below both the 20-day SMA ($2.541) and 50-day SMA ($2.702), confirming the bearish momentum structure. High volatility above 5% reflects nervous market sentiment, likely driven by regulatory uncertainty or broader market pressures. Traders should watch for consolidation around current levels with tight stop-losses. Aggressive buyers might consider scaling into long positions given the oversold RSI, but should wait for confirmation of support holding. More conservative traders should remain sidelined until XRP reclaims the 20-day SMA as resistance-turned-support.