Technical analysis by cryptodailyuk about Symbol XRP on 7/7/2025

📊 1. Trend and moving averagesRed line (SMA 10) – short-term, currently rising, which suggests upward momentum.Green line (SMA 20) – also in the upward trend and below the price – dynamic support.Blue line (SMA 50/200) – probably SMA 50 or 200 – the price has broken through it from below and is currently above it – this is a pro-growth signal.📌 Conclusion: In the short and medium term, a reversal of the trend to growth is visible.📈 2. MACD (Moving Average Convergence Divergence)The MACD line has crossed the signal line from below, which is a buy signal.The MACD histogram is rising and is above zero – further confirmation of the upward trend.📌 Conclusion: The upward momentum is increasing.💪 3. RSI (Relative Strength Index)RSI is currently at ~62, which means that:We are still ahead of the overbought zone (70).RSI is rising – it suggests bullish buyer pressure.📌 Conclusion: There is still room for further growth before the market is overbought.🔍 4. Market structure and resistance/supportThe price is in the 2.30–2.35 USDT zone, which previously acted as resistance.The closest resistance is around 2.38–2.40 USDT – the level from May, where the decline occurred.The closest support is around 2.20 USDT (in line with the green SMA) and stronger at 2.05–2.10 USDT (earlier consolidations).📌 Conclusion: Breaking 2.40 opens the way to a test of 2.50 and above.🧠 Technical SummaryAspect RatingTrend (SMA) ✅ UpMACD ✅ BuyRSI ⚠️ Near overboughtResistance/Support ⚠️ Resistance at 2.38–2.40Movement Potential ✅ To 2.50 or higher📌 Potential scenarios:✅ Bullish (uptrend scenario)A hold above 2.30 and a breakout of 2.40 could give an impulse for further gains towards 2.50–2.60.Strong confirmation would be an increase in volume.⚠️ Bearish (correction scenario)A rejection from 2.38 and a drop below 2.20 could initiate a retest of support at 2.05 or even 1.95.