š $XRP /USDT: Local bearish trend and oversold zone
Current price: $1,2956 (-7.68%)
Technical picture: The price broke down below the short-term moving averages EMA(21) and EMA(50), confirming the strength of the sellers. However, the asset is still holding above the important long-term support EMA(200) at 1.3240.
Capital flows: There was a net outflow of funds from large players (-$5.45 million over the past day). Over the last 5 days, the total outflow was -$19.35 million. Whales are actively locking in profits.
Momentum: The RSI(6) indicator has fallen to 27.34. This signals deep oversold conditions on smaller timeframes.
Forecast: Panic selling is underway. Given the critical RSI level, a halt to the decline is expected soon around the support area of $1,2650, followed by a technical rebound upward toward resistance at $1,3585.
Current price: $1,2956 (-7.68%)
Technical picture: The price broke down below the short-term moving averages EMA(21) and EMA(50), confirming the strength of the sellers. However, the asset is still holding above the important long-term support EMA(200) at 1.3240.
Capital flows: There was a net outflow of funds from large players (-$5.45 million over the past day). Over the last 5 days, the total outflow was -$19.35 million. Whales are actively locking in profits.
Momentum: The RSI(6) indicator has fallen to 27.34. This signals deep oversold conditions on smaller timeframes.
Forecast: Panic selling is underway. Given the critical RSI level, a halt to the decline is expected soon around the support area of $1,2650, followed by a technical rebound upward toward resistance at $1,3585.