$XRP has declined 7% in 24 hours, bringing price closer to major structural support. The hourly RSI below 30 indicates oversold conditions, potentially allowing a technical relief bounce. However, the short-term trend remains bearish, with futures activity dominating. Sharp reductions in open interest suggest leveraged longs have been liquidated. Regulatory speculation surrounding post-election SEC adjustments remains a market catalyst.
📈 Bias: Bearish Short-term | 🎯 Entry: $1.15–$1.18 | 🛡 Support: $1.15 / $1.10 | 🚧 Resistance: $1.25 / $1.28 | 🎯 Targets: $1.25 / $1.30 / $1.35 | ❌ Invalidation: Hourly candle close below $1.12
Strategy: Monitor the $1.15–$1.18 zone for a confirmed reversal rather than catching a falling knife.
#XRP #Ripple #CryptoTrading #TechnicalAnalysis #BinanceSquare
📈 Bias: Bearish Short-term | 🎯 Entry: $1.15–$1.18 | 🛡 Support: $1.15 / $1.10 | 🚧 Resistance: $1.25 / $1.28 | 🎯 Targets: $1.25 / $1.30 / $1.35 | ❌ Invalidation: Hourly candle close below $1.12
Strategy: Monitor the $1.15–$1.18 zone for a confirmed reversal rather than catching a falling knife.
#XRP #Ripple #CryptoTrading #TechnicalAnalysis #BinanceSquare
