🔴 XRP/USDT (1D) — strong support and extreme oversold conditions. Is a bounce brewing? 📉⚡️
XRP has fallen to the key horizontal support zone at 1.00–0.9844, where a strong upward move began previously. The market is now at a critical point: either we get a technical bounce, or sellers break through support and the decline continues.
📊 What the indicators show:
* RSI(6) — 9.11 / RSI(14) — 20.69. Extreme oversold conditions; sellers have pushed the market down hard.
* StochRSI — 0. Short-term momentum is maximally exhausted.
* MACD: DIF is below DEA, with a negative histogram — downward momentum remains in place for now.
* EMA(21/50/99): 1.179 / 1.263 / 1.286. All moving averages are above the price, so selling pressure remains strong overall.
🎯 Scenarios:
🟢 LONG: Watch the reaction in the 0.984–1.000 zone as the priority. Holding above 1.056 would be the first sign of a recovery. Next targets:
TP1: 1.10
TP2: 1.18
TP3: 1.26
🔴 SHORT: If the daily candle closes below 0.9844, support will be lost, opening the way for further declines.
Trading 👉$XRP
XRP has fallen to the key horizontal support zone at 1.00–0.9844, where a strong upward move began previously. The market is now at a critical point: either we get a technical bounce, or sellers break through support and the decline continues.
📊 What the indicators show:
* RSI(6) — 9.11 / RSI(14) — 20.69. Extreme oversold conditions; sellers have pushed the market down hard.
* StochRSI — 0. Short-term momentum is maximally exhausted.
* MACD: DIF is below DEA, with a negative histogram — downward momentum remains in place for now.
* EMA(21/50/99): 1.179 / 1.263 / 1.286. All moving averages are above the price, so selling pressure remains strong overall.
🎯 Scenarios:
🟢 LONG: Watch the reaction in the 0.984–1.000 zone as the priority. Holding above 1.056 would be the first sign of a recovery. Next targets:
TP1: 1.10
TP2: 1.18
TP3: 1.26
🔴 SHORT: If the daily candle closes below 0.9844, support will be lost, opening the way for further declines.
Trading 👉$XRP
