$XRP /USDT Technical Analysis & Trade Signal🎯🎯🎯🎯
Current Price: $2.21
Support Levels:
S1: $2.00
S2: $1.96 (Key level to watch for breakdown)
Resistance Levels:
R1: $2.35
R2: $2.50
Technical Indicators Analysis:
1. Moving Averages:
Price is trading below the 50 EMA, indicating bearish momentum.
2. RSI (14):
RSI is at 39, leaning toward oversold territory, signaling potential reversal.
3. MACD:
Bearish crossover observed, supporting short-term downside pressure.
Trade Signal
Entry: $2.20 (Near support level for better risk-reward)
Stop Loss: $1.90
🎯 Targets:
1. Target 1: $2.35 (Resistance Zone 1)
2. Target 2: $2.50 (Major Resistance Level)
3. Target 3: $2.70 (Potential breakout level if momentum builds)
Trade Momentum:
Short-Term: Bearish (Price may retest $2.00–$1.96 support zone before reversal).
Mid-Term: Neutral to Bullish (Potential for bounce if support holds and RSI recovers).
Volume: Increased selling volume highlights current bearish dominance, but low RSI suggests exhaustion soon.
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