📊 Technical Analysis (1H) $XRP

#TradingSignals #TrendingTradingStrategy

1. General Trend

• The price is oscillating between 2.80 and 2.94, with some lateral movement following a previous decline.

• Currently, it is slightly below the EMAs (7, 25, 99), indicating short-term weakness.

• The EMA(7) = 2.9060, and the current price is 2.8973 → the price is slightly bearish in the micro-movement.

2. Supports and Resistances

• Strong Support: 2.8036 (24h low)

• Key Resistance: 2.9670 (TP marked in your trade)

• Current Consolidation Zone: 2.84 – 2.92

3. Indicators

• MACD: Crossing the signal line upwards (slight buy signal), although with weak histograms.

• RSI (6): 45.6 → neutral-bearish zone, not yet oversold.

• RSI (24): 50.4 → completely neutral.

4. Volume

• Volume has decreased significantly in the last candles. Without an increase, it is unlikely to break resistances strongly.

5. Recent Candles

• The last candles have small bodies, with indecision, and slight selling pressure.$XRP