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After a strong sell-off, XRP is trying to regain its balance near 1.18 USDT, but technical indicators still suggest that sellers have the upper hand.
📊 Technical Analysis – XRP/USDT
Current price: 1.1820 – 1.1863
• Overall trend: bearish.
• Key support: 1.1735
• Second support: 1.1650
• Strong support: 1.1500
Key resistance levels:
• 1.1890
• 1.2000
• 1.2100
• 1.2300
📈 Potential trade plan
🟢 First trade – Spot buy
- Entry zone: 1.1740 – 1.1800
- TP1: 1.1900
- TP2: 1.2000
- TP3: 1.2100
- Stop loss: 1.1630
🔵 Second trade – Buy after breakout
- Enter after a breakout above 1.1900 and holding above it.
- TP1: 1.2000
- TP2: 1.2100
- TP3: 1.2300
- Stop loss: 1.1800
🔴 Third trade – Bearish scenario
If 1.1735 is broken and the price closes below it:
- First target area: 1.1650
- Second target: 1.1500
- Invalidate the scenario if 1.1900 is reclaimed.
⚠️ What are we watching now?
The RSI is still below 50, and the price is trading below the key moving averages. Therefore, there is not yet enough confirmation of a trend reversal.
🎯 Summary: The 1.1735 area is key. Holding above it could give XRP a chance to rebound, while a break below it could open the door to further declines.
Capital management is more important than chasing any trade. These levels are analytical, not a guarantee of profit, and you should wait for signal confirmation before entering.
💬 Do you think XRP will reclaim 1.20, or will we see 1.15 first?
