Technical Analysis of XRP/USDT (1D)
June 20
📌 Data
- Current Price: 2.16 USDT
- Volume (24h): 40.6M XRP
- Average Volatility: 4.59%
- RSI(14): 44.69 (Neutral, slight bearish inclination)
- Bollinger Bands: Price near the lower band (2.0829 USDT).
📈 Indicators:
✅ Parabolic SAR: Bullish signal (points below the price).
✅ RSI Divergence: Possible bullish reversal (although the RSI is not strong yet).
🔴 MACD: Bearish cross (-0.0020) and in negative territory.
🔴 SMA(50): Price below (medium-term bearish trend).
🔴 MOM(10): Negative (bearish momentum).
⚠ ADX: Weak trend (lacks directional strength).
🎯 Scenarios:
1️⃣ Bearish Scenario (60%)
- If the price breaks the lower Bollinger band (2.0829), it could drop to 1.95-2.00 USDT.
- SL: 2.25 USDT (above SMA50 and local resistance).
- TP: 1.95 USDT (psychological support).
2️⃣ Bullish Scenario (40%)
- If the RSI and Parabolic SAR drive a recovery, the price could rise to 2.30-2.40 USDT (upper Bollinger band).
- SL: 2.05 USDT (below the recent low).
- TP: 2.35 USDT (key resistance).
📌
🔹 Current Bias: Neutral with bearish risk (negative MACD, SMA50, and MOM).
🔹 Opportunity: If the price bounces on the lower Bollinger band (2.08), it could be an entry with TP at 2.30.
🔹 Risk: If bearish volume increases, it could break supports and drop to 1.95.
🔄 Watch:
- RSI(14) if it exceeds 50 (would confirm bullish strength).
- MACD if it crosses to positive.
- Volume on a possible reversal.
📢 Wait for direction confirmation before entering. If shorting, SL at 2.25; if waiting to go long, confirm bounce at 2.08. 🚀
Remember:
Cryptocurrency trading carries a high risk. (DYOR)
vc_custy
🫖☕️😎