XRP/USDT
1D
June 22,
#Technical Analysis
📉 Dominant Trend: Weak but persistent bearish.
🔴 Most indicators (MOM, MACD, ADX, Parabolic SAR, SMA50) indicate selling pressure.
⚠ The CCI at -137.91 suggests an oversold level, while the Bollinger Bands indicate that the price is near the lower limit — which may be a sign of bearish exhaustion.
🟡 RSI and MFI below 50 but without divergences, indicating a decline with little real buying momentum.
📊 Relevant volume and moderate volatility, compatible with accumulation phases or support seeking.
🎯 Price Speculation
📍 Current Price: 2.04 USDT
🧱 Estimated Support Zone: 1.98–1.95 USDT
🛑 Stop Loss (SL): 1.93 USDT — below relevant technical support to limit losses.
🎯 Take Profit (TP):
‣ TP1: 2.16 USDT — possible technical bounce towards SMA50.
‣ TP2: 2.28 USDT — confluence zone with previous resistance and weekly moving average.
🔄 Alternate scenario: if the price loses 1.95 with increasing volume, the next support is near 1.84 USDT.
📌
Although the bias is bearish, there are technical signs of selling exhaustion. There are no clear reversal signals yet, but you might consider a possible short-term speculative bounce if a reaction at support with positive volume is confirmed.
Remember:
Cryptocurrency trading carries a high risk. (DYOR)
#Analysis_E_tp_sl
vc_custy
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