🧪 $XRP /USDT – Oversold Reversal Zone! Potential Dead Cat Bounce or Recovery? ⚠️
After a strong downward slide, XRP is showing its first signs of recovery from intraday lows near the $1.94 region. A potential short-term bounce is shaping up — but caution is key!
📊 Market Snapshot
Current Price: $1.9658 (+1.02%)
15M Trend: Attempting recovery after heavy selloff
Volume: Increasing near the bottom wick — hinting possible buyer interest
📈 Technical Overview
Support: $1.9400 (recent low)
Resistance: $1.9900 (breakdown base)
Trend: Bearish overall, but showing signs of intraday bounce
Candle Structure: Long wick rejection near lows, possible short-term reversal
🎯 Trade Setup – Risky Bounce Catch
Entry Zone: $1.9600 – $1.9700
TP1: $1.9900
TP2: $2.0200
SL: Below $1.9400
💡 Pro Tip: This is a high-risk scalp. Best for quick in-out trades. Wait for bullish confirmation with a green 15M close above $1.9750 for safer entry.
