⚠️ XRP UNDER CRITICAL PRESSURE! 📉 STEEL SUPPORT OR BEARISH CONTINUATION?
The daily chart of XRP/USDT shows the asset trading at 1.3228, registering a pullback of -1.43% in the last 24 hours. After a previous attempt to recover, the price is compressing again at the lower end of the range, creating a scenario of high technical tension.
🔍 Trend Analysis and Indicators
Trend: Bearish and in a consolidation phase in the short term. The overall structure is marking lower highs, and the price is struggling not to lose the recently established local floor.
Moving Averages (MA): Constant pressure from the bears. The price is located below the MA(7) ($1.3255), slightly breaking down in the last candlestick. Higher up, the MA(25) ($1.3821) and MA(99) ($1.3871) form a dynamic "death cross," consolidating a solid wall of institutional resistance.
Bollinger Bands (BOLL): XRP is moving through the lower section of the analyzed channel. The middle band (MB) is located at 1.3663 as intermediate resistance, while the lower band (DN) at 1.2763 acts as the dynamic support magnet where buying volume has historically entered.
💡 Trading Strategy: Buy or Sell?
Buy?: The optimal zone for considering long positions or accumulation in Spot is within the range between 1.2677 (previous low) and 1.2763 (lower band DN). It offers an excellent risk/reward ratio to seek a technical rebound towards the middle band. A strict Stop Loss is suggested below 1.25.
Sell / Short?: For trades in favor of the bearish momentum, ideal entry points are located at failed tests with rejection wicks at the MA(7) (~1.3255) or at the middle band (~1.3663). A confirmed break below 1.26 would accelerate the free fall.
#XRP #Ripple #TechnicalAnalysi May the Lord bless and prosper those who trade here, in the name of Jesus
$XRP