$XRP COIN ANALYSIS 🧐 IMPORTANT UPDATE ‼️

PUMP COMING ?

On 1 Hr Time Frame ( LTF )

Observations:

1. Trend:

• Short-term Trend: The price has been in a consolidation phase after a rally to 1.6300, forming lower highs and lower lows, suggesting a potential cooling off.

• Moving Averages:

• EMA(7) < EMA(25) < EMA(99): Bearish crossover indicates short-term downward momentum.

• Support around 1.2800 can act as a near-term base.

2. Volume:

• Decreasing volume after the peak at 1.6300, which indicates weaker participation in the current move.

3. RSI (Relative Strength Index):

• RSI(6): 43.52

• RSI(12): 45.34

• RSI(24): 46.17

• RSI values below 50 indicate bearish momentum, but it is approaching oversold territory, hinting at a potential reversal.

4. MACD:

• MACD Line (Yellow): 0.0034

• Signal Line (Orange): -0.0131

• The MACD histogram shows weakening bearish momentum. A bullish crossover might occur soon if buying pressure increases.

5. Support & Resistance Levels:

• Resistance Levels: 1.4500, 1.5000, 1.6300 (major).

• Support Levels: 1.2830, 1.2000.

Bullish Case:

• Scenario: If XRP/USDT sustains above EMA(25) (~1.3895) with volume confirmation, it can trigger bullish momentum.

• Targets:

• Immediate Target: 1.4500.

• Secondary Target: 1.5000.

• Long-term Target: 1.6300 (requires strong macro support).

Bearish Case:

• Scenario: A breakdown below 1.2800 with increasing volume could lead to a continuation of the downtrend.

• Targets:

• Immediate Target: 1.2000.

• Secondary Target: 1.1000.

• Extreme Bearish Target: 0.9300.

Conclusion:

The price is currently in a consolidation phase, with bearish pressure evident from the EMA alignment and low RSI. Watch for key levels like 1.3895 and 1.2800 for directional confirmation.