š $XRP /USDT ā Short-Term Bearish Signal
Current Price: 3.4993 USDT
24h Range: 3.4201 ā 3.5827
1H Trend: š Bearish
š Technical Insights:
Candles: Consecutive red candles with lower highs suggest increasing selling pressure.
Moving Averages:
Price is below MA(7) and MA(25) ā bearish momentum.
Sitting just above MA(99) at 3.4913, acting as short-term support.
RSI (6): 37.00 ā Weak momentum, nearing oversold but no bounce yet.
MACD: Bearish crossover forming with histogram declining.
Volume: Decreasing ā confirming weak bullish interest.
š Conclusion:
Short-term bias: BEARISH
Unless XRP holds the MA(99) level (~3.49), further downside toward 3.46ā3.44 is likely. Bulls need to reclaim 3.52+ for trend reversal signs.
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