🔍 Technical Analysis $XRP /#USDT – 1H

📈 General Trend:

• The trend remains bullish on the 1H frame, with higher highs and higher lows.

• The price has undergone a correction after reaching a peak of 3.1024, and is currently seeking support.

📊 Moving Averages:

• EMA 7 (3.0366): has already been crossed downwards, suggesting a short-term correction.

• EMA 25 (3.0016): is acting as dynamic support, a possible bounce point.

• EMA 99 (2.8964): distant, but if it breaks EMA25 forcefully, it could be a target for a drop.

📉 Indicators:

• MACD: Lines very close and with a negative slope. It could cross upwards if there is a bounce, but for now it is neutral-slightly bearish.

• RSI (6): 44.2, a sign of slight weakness but still in neutral territory.

• RSI (12, 24): both are between 53 and 56, reflecting that there is still residual bullish strength.

• Volume: Decreasing after the impulse peak, which confirms the correction phase.

🕯 Candles:

• The last candles show rejection downwards (long lower wicks), suggesting that buyers are still defending the 3.00 area.

• If a reversal candle (hammer or bullish engulfing) appears near this level, it would be a clear signal of a possible entry.

📌 Key Levels:

• Immediate resistance: 3.0599 – 3.1024

• Key support: 3.0016 (EMA25) and 2.9775 (previous low)

• Additional strong support: 2.8964 (EMA99)

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🧠 Conclusion:

XRP is in a correction within a bullish trend. It is relying on its EMA25, which has been key support previously. If it manages to hold above 3.00 and confirmation appears, there is a high probability it will resume the upward trend.

If it loses that zone with volume, it would open the door to a greater corrective movement towards 2.89.#BinanceHODLerERA #AltcoinSeasonLoading