12-hour analysis for XRP/USDT:
- Price sharply dropped to 3.07, below EMA(5) at 3.18 and EMA(10) at 3.19, signaling bearish momentum.
- RSI(14) at 44.6 and RSI(6) near 31.6 show weakening momentum, with short-term near oversold.
- StochRSI dropping from mid-60s to 55, hinting more downside pressure can come.
- MACD negative (-0.0065) with DIF below DEA, confirming bearish trend strengthening.
Outlook: XRP is likely to continue downward or consolidate lower before any strong bounce.
- Support zone near 2.98–3.00 looks crucial.
- Resistance near 3.18–3.20 (EMA zone).
Trade plan:
- Entry: Wait for signs of reversal near 2.98–3.00 support before buying.
- Take Profit (TP): 3.15–3.20 on the rebound.
- Stop Loss (SL): Below 2.95 to protect against further drops.
Bottom line: Short term paints a bearish picture; better to wait for price stabilization near key support before entering.
