Market Overview: XRP/Tether (XRPUSDT) 24-Hour Technical Summary

Summary
• XRPUSDT broke key support below $2.1150, forming a bearish engulfing pattern near $2.10.
• Volume surged during the $2.10 drop, confirming bearish momentum and a 61.8% Fibonacci retracement.
• RSI entered oversold territory, while Bollinger Bands show widening volatility and bearish bias.

XRP/Tether (XRPUSDT) opened at $2.1686 (12:00 ET − 1), peaked at $2.1731, bottomed at $2.0683, and closed at $2.0919 (12:00 ET). Total volume reached 44.4 million, with $94.1 million notional turnover.

Structure & Moving Averages

XRPUSDT broke through key 5-minute support near $2.1150 and the 20/50 EMA, forming a bearish engulfing pattern at $2.10. Daily MA lines show the 50/100 EMA is bearish, with price below all major moving averages.

Momentum & Oscillators

The RSI entered oversold territory near 30, suggesting possible near-term bounce, though MACD remained negative with a bearish cross. Overbought levels above 55 have not been reached.

Volatility & Patterns

Bollinger Bands expanded during the selloff, with price near the lower band, indicating high volatility. Volume spiked during the drop below $2.10, confirming bearish conviction.

Fibonacci & Key Levels

Price reached the 61.8% Fibonacci retracement of the previous 5-minute rally at $2.10, aligning with a key support break. Watch for continuation below $2.09 or a potential bounce near $2.11.

XRPUSDT may test $2.08–$2.09 for support in the next 24 hours, but a sustained close above $2.12 could signal short-term reversal. Investors should monitor volume and RSI for signs of exhaustion or reversal.