XRP fell nearly 3%! Can it reverse in the next 24 hours?

Trend analysis:
The current price of XRP (Ripple) is $2.6095, with a 2.68% fall in the past 24 hours. From a technical perspective, XRP quickly fell to the support range near $2.60 after breaking through the strong resistance at $2.75. In the short term, XRP's trend is under pressure, with the recent RSI showing oversold conditions (38.71), which may indicate a pessimistic market sentiment, but could also be a signal of a short-term rebound.

Bull and bear struggle:
The bears are in control, with both DIF and DEA showing unsolved selling pressure. The MACD is negative and trending downwards, implying a high likelihood of further downside. However, a rebound near the support level suggests a temporary recovery in bullish momentum. The current support level is $2.60, and if it falls below this level, it may further test the bottom at $2.53. On the other hand, if it successfully breaks the upper resistance at $2.64, there may be a chance for a rebound, challenging $2.75.

Support and resistance levels:
• Support level: $2.60
Resistance level: $2.64
• Short-term target: If it breaks $2.64, the short-term target looks to $2.75.

End:
Will XRP stabilize at $2.60, and how will the market react? Do you think it will continue to fall or will it have a chance to reverse? Share your thoughts in the comments section, don't forget to follow us, and we will take you to track the changes in the market in real time!