📉 XRP is bearish in the short term; watch support at 1.05
Futures snapshot available on November 10 (https://fibonomy.com/en/futures/binance/xrpusdt): XRPUSDT mark price 1.0631, down 2.66% in 24 hours, with a trading volume of 792 million USDT; OI is about 338 million USDT, down 0.67%, and the funding rate is +0.0082%. The decline in both price and OI points to deleveraging, while longs are still paying funding, leaving insufficient evidence for a reversal.
Spot 1-hour indicators (https://closedcandle.com/coin/xrp/indicators) show RSI at 29.6 and a negative MACD histogram. Oversold conditions have yet to reverse the bearish trend; synchronized active buy/sell volume data is unavailable.
Over the next 4–24 hours, XRP is likely to face resistance on a rebound before retesting 1.05. If it breaks below that level, watch the psychological 1.00 mark. Resistance is at 1.078–1.08; a breakout on rising volume followed by an hourly close holding above 1.08 would invalidate the bearish outlook, opening the way to 1.10.
#XRP #XRPUSDT #行情分析 #Cryptocurrency
Futures snapshot available on November 10 (https://fibonomy.com/en/futures/binance/xrpusdt): XRPUSDT mark price 1.0631, down 2.66% in 24 hours, with a trading volume of 792 million USDT; OI is about 338 million USDT, down 0.67%, and the funding rate is +0.0082%. The decline in both price and OI points to deleveraging, while longs are still paying funding, leaving insufficient evidence for a reversal.
Spot 1-hour indicators (https://closedcandle.com/coin/xrp/indicators) show RSI at 29.6 and a negative MACD histogram. Oversold conditions have yet to reverse the bearish trend; synchronized active buy/sell volume data is unavailable.
Over the next 4–24 hours, XRP is likely to face resistance on a rebound before retesting 1.05. If it breaks below that level, watch the psychological 1.00 mark. Resistance is at 1.078–1.08; a breakout on rising volume followed by an hourly close holding above 1.08 would invalidate the bearish outlook, opening the way to 1.10.
#XRP #XRPUSDT #行情分析 #Cryptocurrency