$XRP: Bearish Divergence Spotted on Downside Targets Ahead
SHORT SETUP XRP
Entry: $1.3930 - $1.3980
Stop Loss: $1.4450
Take Profit: $1.2965 (2R)
Key Levels: Support $1.3819 | Resistance $1.3983
Technical Analysis for $XRP: Price sits below the 9, 21, 50 and 200EMA, confirming a downtrend. MACD line is under its signal with a negative histogram, adding bearish momentum. RSI at 37.5 and Stochastic around 24 suggest the asset is still in the lower half of its range. Orderbook shows a modest bidside imbalance, but the prevailing EMA and MACD bias points to further
Market Context: Bitcoin is in a bearish 4hour trend and the broader market shows 73.7 % red assets, indicating overall downside pressure that supports
SHORT $XRP
SHORT SETUP XRP
Entry: $1.3930 - $1.3980
Stop Loss: $1.4450
Take Profit: $1.2965 (2R)
Key Levels: Support $1.3819 | Resistance $1.3983
Technical Analysis for $XRP: Price sits below the 9, 21, 50 and 200EMA, confirming a downtrend. MACD line is under its signal with a negative histogram, adding bearish momentum. RSI at 37.5 and Stochastic around 24 suggest the asset is still in the lower half of its range. Orderbook shows a modest bidside imbalance, but the prevailing EMA and MACD bias points to further
Market Context: Bitcoin is in a bearish 4hour trend and the broader market shows 73.7 % red assets, indicating overall downside pressure that supports
SHORT $XRP