$XRP /USDT Technical Analysis & Trade Signals

Current Price: $2.3819

Trend: Bearish (Short-Term)

Support Levels:

Primary Support: $2.28

Secondary Support: $2.20

Resistance Levels:

Primary Resistance: $2.44

Secondary Resistance: $2.50

Trade Momentum

Momentum: Weak bearish, but showing signs of possible reversal near the support at $2.28.

RSI: Oversold region (indicating potential for a bounce).

EMA (50 & 200): Price is below both, confirming a bearish trend.

Volume: Declining, indicating reduced selling pressure, which may lead to a short-term bounce.

Trade Setup

Long Trade (If Price Holds Above $2.28):

Entry Point: $2.30–$2.33

Stop Loss: $2.20

Targets:

1. 🎯 $2.44 (Primary Resistance)

2. 🎯 $2.50

3. 🎯 $2.60

Short Trade (If Price Breaks Below $2.28):

Entry Point: $2.27–$2.25

Stop Loss: $2.34

Targets:

1. 🎯 $2.20

2. 🎯 $2.15

3. 🎯 $2.05

Summary

Short-Term: Bearish, with potential bounce from $2.28 support.

Mid-Term: Bullish if $2.44 resistance breaks with volume.

Recommendation: Monitor price action near $2.28. Go long above $2.30 for a rebound or short below $2.28 for further downside.

#BinanceLaunchpoolVANA #BitcoinKeyZone #BinanceListsVelodrome