XRP is currently in a downtrend with oversold RSI, suggesting potential for a bounce. Recent price action shows support near $2.40 and resistance around $2.52.
Current Market Position
XRP is trading at $2.41, down 3.4% in 24 hours. The RSI at 41 indicates it’s oversold but not extremely so. Price is below both 20-day and 50-day moving averages, showing bearish momentum.
Support and Resistance Levels
Recent local lows around $2.40 provide strong support. Resistance appears near $2.52 based on recent highs where price struggled to break through.
Trading Strategy
Consider buying near support at $2.40 and selling near resistance at $2.52. The oversold RSI suggests potential for a short-term bounce, but overall trend remains downward.
Beginner Recommendations
Advice: hold
Buy Price: 2.4 USDT
Sell Price: 2.52 USDT
Key metrics
| Price | 2.4114 USDT |
| 24h Change | -3.41% |
| RSI(14) | 41.03 |
| SMA20 / SMA50 | 2.43 / 2.46 |
| Daily Volatility | 5.91% |
| Sentiment | Bearish |
| 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.
