$XRP Update: Downtrend Still Intact, Bounce Needs Confirmation 📉
XRP is trading around $1.3085 on the perpetual chart, down -3.92% in 24 hours. The 24h range is $1.2942 to $1.3659, with volume of about $675M USDT.
Short-term view (1h chart):
• Price made a low at $1.2942 and is now bouncing slightly near $1.3085
• Supertrend is still bearish at $1.3330, acting as overhead resistance
• RSI(6) is at 40.05, recovering from the oversold zone but not yet showing strong momentum
• Resistance: $1.3107, then $1.3330 and $1.3516
• Support: $1.2942, then $1.2903
Bigger picture:
• Today: +0.06%
• 7 Days: -2.53%
• 30 Days: -17.26%
• 90 Days: +20.42%
• 180 Days: -7.87%
• 1 Year: -44.93%
The trend is still bearish until XRP reclaims the Supertrend line. The small bounce from $1.2942 is encouraging, but buyers need to push price above $1.3330 to confirm a reversal. Until then, rallies can face selling pressure.
📊 Trade Plan (Example Only):
Long (reversal play):
• Entry: Above $1.3335 with a 1h candle close (Supertrend flip)
• Stop Loss: $1.3150
• TP1: $1.3516
• TP2: $1.3721
• Risk-Reward: approx. 1:2
Short (trend continuation):
• Entry: Below $1.2940 with a 1h candle close
• Stop Loss: $1.3120
• TP1: $1.2850
• TP2: $1.2700
Invalidation: For longs, a close back below $1.2942 cancels the setup. For shorts, a 1h close above $1.3330 invalidates the bearish view.
Don't predict, react. Wait for the breakout or breakdown, use small position size, and keep
leverage low if trading futures.
Are you expecting a reversal or another leg down on XRP? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#xrp #cryptotrading #BinanceSquare #TechnicalAnalysis #TradingSignals
$SUI
$ZEC
XRP is trading around $1.3085 on the perpetual chart, down -3.92% in 24 hours. The 24h range is $1.2942 to $1.3659, with volume of about $675M USDT.
Short-term view (1h chart):
• Price made a low at $1.2942 and is now bouncing slightly near $1.3085
• Supertrend is still bearish at $1.3330, acting as overhead resistance
• RSI(6) is at 40.05, recovering from the oversold zone but not yet showing strong momentum
• Resistance: $1.3107, then $1.3330 and $1.3516
• Support: $1.2942, then $1.2903
Bigger picture:
• Today: +0.06%
• 7 Days: -2.53%
• 30 Days: -17.26%
• 90 Days: +20.42%
• 180 Days: -7.87%
• 1 Year: -44.93%
The trend is still bearish until XRP reclaims the Supertrend line. The small bounce from $1.2942 is encouraging, but buyers need to push price above $1.3330 to confirm a reversal. Until then, rallies can face selling pressure.
📊 Trade Plan (Example Only):
Long (reversal play):
• Entry: Above $1.3335 with a 1h candle close (Supertrend flip)
• Stop Loss: $1.3150
• TP1: $1.3516
• TP2: $1.3721
• Risk-Reward: approx. 1:2
Short (trend continuation):
• Entry: Below $1.2940 with a 1h candle close
• Stop Loss: $1.3120
• TP1: $1.2850
• TP2: $1.2700
Invalidation: For longs, a close back below $1.2942 cancels the setup. For shorts, a 1h close above $1.3330 invalidates the bearish view.
Don't predict, react. Wait for the breakout or breakdown, use small position size, and keep
leverage low if trading futures.
Are you expecting a reversal or another leg down on XRP? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#xrp #cryptotrading #BinanceSquare #TechnicalAnalysis #TradingSignals
$SUI
$ZEC