Technical Analysis of XRP/USDT on Binance (Weekly) 1w

June 21

📌 Current Price: 2.12 USDT

📌 Volume: 577.7M XRP

📌 Average Volatility: 20.64%

$XRP

🔍 Indicators

- RSI (14): 50.00 (Neutral)

- MFI (14): 49.28 (Neutral)

- CCI (14): -27.30 (Slight bearish weakness)

- Bollinger Bands: Price near the lower band (possible support).

- SMA (50): Price above (2.3021 USDT), key support.

- MACD: Bearish crossover (caution signal).

- MOM (10): Positive (bullish momentum).

- Parabolic SAR: Bearish signal.

- ADX: Weak trend (lack of directional strength).

📈 Likely Scenarios

1️⃣ Bullish:

- If the price rebounds at SMA(50) (2.3021 USDT) or lower Bollinger band (1.8361 USDT).

- Target (TP): 2.7681 USDT (mid resistance of BB).

- Stop Loss (SL): 1.8103 USDT (below the recent low).

2️⃣ Bearish:

- If the price breaks SMA(50) and lower BB.

- Target (TP): 1.8361 USDT (next support).

- Stop Loss (SL): 2.3021 USDT (above SMA50).

🎯

- Neutral-Bullish bias if maintained above SMA(50).

- Controlled Risk: SL adjusted to volatility (ATR: 0.382 USDT).

- 🔥 Possible Reversal if RSI/MFI exceed 50 with volume.

📢 Watch: MACD (if it reverses to bullish crossover) and volume in upcoming candles.

Remember:

Cryptocurrency trading carries a high risk. (DYOR)

#Analysis_E_tp_sl

vc_custy

🫖☕️😎