Below is a detailed technical analysis of XRP/USDT across multiple time frames along with short-term trend observations and Future trading strategies (as of 05:35, April 30, 2025):
1. Technical analysis
1-Day Frame (D1):
• Current price: ~$2.2399 (down -2.43%)
• EMA(7) = 2.2214, EMA(25) = 2.1652, EMA(99) = 2.2205 → price is above all 3 EMA lines, indicating the bullish trend is still maintained on D1.
• RSI(6) = 61.09 → neutral zone but approaching overbought.
• MACD: the MACD line crosses above the signal line, positive histogram → still shows a slight bullish signal.
• Strong resistance: $2.42 - $2.58
• Nearby support: $2.04
Observation: The main trend remains bullish but is showing signs of weakening and profit-taking as RSI approaches the overbought zone.
4-Hour Frame (H4):
• Current price: ~$2.2408 (down -2.39%)
• EMA(7) = 2.2761, EMA(25) = 2.2518 → price cuts below EMA(7) and EMA(25) → short-term weakening signal.
• RSI(6) = 31.48 → close to touching the oversold zone.
• MACD: the MACD line cuts below the signal line, slight negative histogram → bearish signal is forming.
• Volume: gradually decreasing, no signal of a rebound yet.
Observation: Selling pressure is gradually increasing, may continue to decline towards strong support at $2.18 - $2.22.
1-Hour Frame (H1):
• Current price: ~$2.2407
• RSI(6) = 18.08 → strongly oversold.
• MACD = -0.0045 → negative divergence, MACD line and signal line are widening the gap → high selling pressure.
• Price breaks EMA(99) → short-term reversal signal.
Observation: Currently in a strongly oversold region, a technical rebound may soon occur to the $2.26 - $2.28 range.
15-Minute Frame (M15):
• Current price: ~$2.2426
• RSI(6) = 15.71 → extremely oversold.
• MACD = -0.0046 → deep decline.
• OBV decreases sharply → capital outflow quickly.
Observation: There is a possibility of a short technical bounce up to $2.25 - $2.26 before continuing to decline or accumulate.
2. Summary of news/24-hour fluctuations affecting XRP
• BTC slightly adjusts to the range of $93,000-$94,500, generally affecting altcoins, in which XRP declines along with the market.
• XRP has no strong fundamental news supporting it in the past 24 hours. Market sentiment is leaning towards caution.
• Derivative data on Binance: funding rate slightly decreased, trading volume decreased → buying pressure weakens, Longs are cautious.
3. Trend prediction & Short-term Future Strategy (in the next 12-24 hours)
Short-term trend:
• Adjusting down towards the support range of $2.20 - $2.22, then may accumulate/technical rebound.
Proposed trading strategy:
1. Currently holding Long position (entry price $2.079):
• Short-term TP: $2.30 - $2.34
• Tight SL: below $2.20
• If the price breaks below $2.20, consider reducing positions to preserve profits.
2. Waiting to open new positions:
• Short bottom-fishing Long strategy:
• Entry zone: $2.20 - $2.22
• TP: $2.26 - $2.30
• SL: $2.18
• R:R ≈ 2:1
• Short strategy if the price retraces but does not exceed $2.26 - $2.28:
• Entry: $2.26 - $2.28
• TP: $2.20 - $2.22
• SL: $2.30