$XRP

/USDT Technical Analysis & Trade Signals

Current Price: $2.13 (-13.89%)

Momentum: Bearish (Oversold signals emerging)

Key Indicators

1. Relative Strength Index (RSI) Approaching oversold zone (~30), potential reversal on higher timeframes.

2. Moving Averages (MA):

50 EMA: $2.30 (acting as resistance).

200 EMA: $2.00 (near support).

3. MACD: Bearish crossover, but histogram shows weakening selling pressure.

Trade Setup:

Buy Zone: $2.00 - $2.10

Stop Loss: $1.90

Targets 🎯:

Target 1: $2.25 (short-term resistance).

Target 2: $2.42 (200 EMA crossover).

Target 3: $2.60 (mid-term breakout level).

Momentum:

Short-term: Bearish with potential recovery if $2.00 holds.

Mid-term: Neutral; watch for volume spikes.

Long-term: Bullish above $2.42.

Trade Signal:

Aggressive Traders: Enter near $2.10 with tight stop loss.

Conservative Traders: Wait for a confirmed breakout above $2.25.

Stay vigilant for market sentiment shifts and updates!

#BinanceHODLerMOVE #BURNGMT #MarketCorrection #Over570KLiquidations #MOVEOpening