$XRP

Current Price: 1.0639
Trend: Bearish with early signs of stabilization.
XRP remains below the MA10, MA30, EMA10, and EMA30, indicating sellers still control the higher timeframe.
Technical Analysis
MACD: Bearish momentum is weakening, suggesting selling pressure is fading but no confirmed bullish reversal yet.
KDJ: Near the oversold zone. A bullish crossover could trigger a short-term recovery.
Moving Averages: Price needs to reclaim 1.0675–1.0720 to confirm a stronger bullish reversal.
Key Levels
Support
1.0580
1.0535
Resistance
1.0675
1.0720
1.0850
Long Trade
Entry Zone
1.0600–1.0640
Stop Loss
1.0525
Take Profit
TP1: 1.0675
TP2: 1.0720
TP3: 1.0850
Short Trade (If Breakdown Occurs)
Open a short only if a 4H candle closes below 1.0580.
Entry: Below 1.0580
Stop Loss: 1.0650
TP1: 1.0500
TP2: 1.0420
Trading Strategy
Buy only after a bullish confirmation candle or increased buying volume.
If XRP breaks and closes above 1.0720, the trend could shift toward 1.0850–1.0950.
If 1.0580 fails, expect further downside before considering new long positions.
Probability
Bullish: 45%
Bearish: 55%