$XRP XRP/USDT Trade Setup ๐ | 15m Chart | Oversold Bounce Incoming?
Current Price: $2.1208 ๐ป
24h Change: -7.57% ๐
Support Zone: $2.1166 โ๏ธ
Resistance Zone: $2.2217 โ $2.25 โ ๏ธ
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Technical Breakdown:
MA Trends:
MA(7): $2.14
MA(25): $2.17
MA(99): $2.22
โก๏ธ Price is under all major MAs = Downtrend confirmed ๐ป
โก๏ธ But heavy oversold signals are flashing!
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Indicators:
RSI(6): 11.15 โก๏ธ EXTREMELY OVERSOLD โ ๏ธ๐ง
MACD: Bearish but flattening out ๐
Stoch RSI: 2.8 โก๏ธ Near bottom, potential reversal โฉ๏ธ
Wm %R: -94.67 โก๏ธ Deeply oversold ๐ง
OBV: Negative = sellers dominate, but slowing down
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Trade Plan (Scalp/Short-Term):
ENTRY (Buy Zone):
โ $2.11 โ $2.13
โก๏ธ Bounce expected from oversold support levels
TAKE PROFIT TARGETS:
๐ฏ TP1: $2.17 (MA25)
๐ฏ TP2: $2.22 (MA99 resistance)
๐ฏ TP3: $2.25 (Recent swing high)
STOP LOSS:
โ $2.10 (Hard SL)
๐ Protect your capital in case of trend continuation
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Risk-Reward Ratio:
R:R = 2.5 โ Excellent for short-term traders!
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Final Verdict:
XRP is chilling in the oversold zone, with bullish bounce energy building up โก
Not a long-term reversal yet, but this looks like a clean scalp opportunity with tight risk management!
Trade Smart. SL is Respect. TP is Freedom.
DYOR. Not Financial Advice.
#BinanceSquad
#XRP #CryptoSignals #ScalpSetup #OversoldBounce #BuyTheDip
#CryptoTrading ๐
