📌 Analysis + Trade
⏱️ !XRP/USDT – Analysis on the 1-hour timeframe (1h)
Current price: $2.9366 (+2.23%)
📌 Technical analysis in brief:
The price has broken the resistance at $2.9200 and reached $2.9366 with a strong candle close.
The price is above EMA7 ($2.9000), EMA25 ($2.8500), and EMA99 (~$2.8000), confirming the resumption of upward momentum.
RSI6 at ~72 → Indicates partial overbought condition and may be followed by a slight correction before continuing upward.
📌 Trade settings:
✅ XRP/USDT (Buy) LONG – Priority
🔰 Entry price upon breaking resistance: $2.9500
🎯 Targets (expected within the coming hours):
• $2.9800
• $3.0200
• $3.0600
• $3.1000
🛑 Stop loss: $2.9000
📌 Trader's advice:
Make sure to close the 1h candle above $2.9500 with high trading volume before entering.
✅ XRP/USDT (Sell) SHORT – For corrective bounces
🔰 Entry price upon breaking support: $2.9000
🎯 Targets (short corrections):
• $2.8600
• $2.8200
• $2.7800
• $2.7400
🛑 Stop loss: $2.9500
📌 Trader's advice:
Wait for the 1h candle to close below $2.9000 with clear volume before entering.
✨ Trader's advice:
“Don’t hesitate to wait for full confirmation before entering, and manage your risks accurately.”
