$XRP
/USDT Technical Analysis & Trade Signals
Current Price:
$2.2873
Momentum:
Trend: Bearish (short-term)
Indicators:
RSI: 42 (near oversold, possible reversal soon)
MACD: Bearish crossover, indicating downward pressure.
50-EMA: Above current price, resistance near $2.35.
Trade Setup:
Entry Zone: $2.25–$2.29 (current price range)
Stop Loss: $2.20 (below key support)
Targets:
🎯 Target 1: $2.35 (short-term resistance)
🎯 Target 2: $2.45 (major resistance, 24h high)
🎯 Target 3: $2.60 (breakout potential if bullish momentum returns)
Trade Momentum:
Short-term: Bearish (risk of further downside, tight stop recommended).
Mid-term: Bullish potential if $2.35 is broken with strong volume.
Watch $2.25 support level closely; a breach could lead to further declines.
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