$XRP XRP/USDT 4-Hour Analysis: Potential Bearish Reversal for Swing Traders

Market Overview:

• Last Price: $1.9138 (-1.94%)

• 24H Volume: $743.19M – Slight decrease, reflecting reduced bullish enthusiasm.

Indicators and Observations:

1. Moving Averages:

• MA(5): $1.9082 – Price nearing short-term support.

• MA(10): $1.8947 – Acts as an immediate support zone for corrective moves.

• MA(50): $1.5593 – Far from current levels, indicating a potential overextension.

2. RSI Levels:

• RSI(6): 68.14 – Slightly overbought, signaling potential pullback.

• RSI(12): 71.71 – Divergence forming, aligning with exhaustion.

3. MACD:

• Bullish momentum showing signs of weakening, with MACD histogram flattening.

4. OBV (On-Balance Volume):

• Volume divergence detected, with price increasing while volume stagnates.

Key Levels to Watch:

• Immediate Resistance: $1.9575 – Recent high likely to attract selling pressure.

• Immediate Support: $1.8947 – A break below could signal bearish momentum.

• Key Support: $1.8185 – Stronger base for a deeper correction.

Bearish Trading Plan:

• Entry Zone: $1.910–$1.930

• Target 1: $1.895

• Target 2: $1.820

• Stop-Loss: $1.960

Conclusion:

XRP has experienced a strong rally but shows signs of overbought conditions and volume divergence. Swing traders should prepare for a bearish reversal while maintaining tight stops to manage risk. Immediate resistance zones provide a strategic entry for short positions.