$XRP /USDT Technical Analysis and Trade Signals

Current Price Overview

Price: $1.87 (approx.)

Momentum: Bearish in short-term but showing signs of recovery near support levels.

Key Levels

Resistance Levels: $1.90, $1.95

Support Levels: $1.82, $1.78

Indicators

1. RSI: Neutral zone (~50), indicating neither overbought nor oversold conditions.

2. Moving Averages (MA):

50 EMA: Below price, indicating a potential short-term bullish momentum.

200 EMA: Slightly above, acting as resistance.

3. MACD: Bullish crossover forming, suggesting upward potential in the medium term.

Trade Setup

Entry Point:

Long entry near $1.83–$1.85 (Support Zone)

Confirmation: Wait for a bullish candle on the 1-hour chart.

Targets 🎯

1. Target 1: $1.90 (Short-term resistance)

2. Target 2: $1.95 (Mid-range breakout level)

3. Target 3: $2.00 (Psychological and resistance zone)

Stop Loss:

Place at $1.78 (below the key support zone).

Trade Momentum

Short-term: Neutral to Slightly Bullish (Scalp trade recommended).

Medium-term: Bullish (Possible breakout above $1.95).

Long-term: Sideways to bullish depending on breaking $2.00.

Risk Management

Allocate no more than 2-3% of your portfolio for this trade.

Adjust stop-loss to breakeven after hitting the first target for a risk-free trade.

Note: Always monitor volume and market sentiment before executing trades.

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