To analyze XRP/USDT, I use data from coinmarketcap.com. I see a bearish trend, the price is at the lower Bollinger band, RSI is 38, which indicates a possible reversal. Important levels: support is 0.5360 and 0.5068, resistance is 0.5500 and 0.5698.
Strategy:
Long from 0.5400 upon confirmation of a reversal.
Stop loss: below 0.5360.
Take profit: 0.5500 or 0.5690.
Short-term (12 hours) - long with TP at 0.5500. Medium-term (2-3 days) - wait for a breakout of 0.5500. Optimally use spot."
Hashtags:#XRPAnalysis#CryptoTrading#MarketInsights#BinanceStrategy#CryptoInvesting#AIAnalysis #CoinMarketCap
