Hereās the updated analysis for XRP/USDT Futures based on the latest data and support/resistance levels for the 1-hour frame:
š· XRP/USDT FUTURES
š© Position: LONG (Confidence: 75%)
After applying deep learning analysis with the LSTM (Long Short-Term Memory) model, the trend is bullish, and there is a 75% confidence in the long position. The LSTM model indicates a higher probability of continued upward movement due to the current market structure and indicators.
ā»ļø Recommended Leverage: 10x
š Entry Zone: $2.30
The price is currently at $2.29, with an optimal entry around $2.30 after confirming the price consolidates near this level.
šÆ Targets:
ā¢ T1: $2.35 (+2.17%)
ā¢ T2: $2.40 (+4.35%)
ā¢ T3: $2.45 (+7.14%)
ā¢ T4: $2.50 (+8.70%)
ā Stop Loss: $2.20
A stop loss at $2.20 is recommended to protect against a sharp reversal or market manipulation. The model predicts this level to hold up as the last line of defense in case of a downturn.
If Stop Loss Triggers:
1. New Entry: $2.22 (price consolidation level)
2. New Targets:
ā¢ T1: $2.30
ā¢ T2: $2.35
3. New Stop Loss: $2.18
Key Technical Indicators & Signals:
ā¢ RSI (Relative Strength Index): Currently at 45, which is neutral but moving towards oversold conditions, suggesting possible upward momentum.
ā¢ MACD (Moving Average Convergence Divergence): Bullish crossover is imminent, reinforcing a possible upward breakout.
ā¢ Volume: Volume is increasing, indicating stronger market support for the uptrend.
ā¢ 20/50 EMA (Exponential Moving Average) Crossover: A bullish 20/50 EMA crossover is forming, supporting further upward movement.