#FOMCMinutes Let's do a complete technical analysis on the chart you sent 👇
🔎 Technical Analysis (XRP/USDT – 15-Minute Timeframe):
1. General Trend (Trend)
The chart shows a fluctuating movement (Sideways) with close peaks and troughs.
The price rebounded from 2.8184 (Support) and rose to 2.9345 (Resistance).
Currently, the price is 2.9154, close to resistance.
2. Important Levels
First Support: 2.88 – 2.86
Second Support: 2.82 – 2.81 (previous low)
First Resistance: 2.93 – 2.94
Second Resistance: 3.00 (a strong psychological and numerical barrier)
3. Technical Indicators
Stoch RSI = 92 – 96 → in the overbought area → a short-term downward correction may occur.
Williams %R = -16 → also in the overbought area.
MA (5) < MA (10) → a signal that the short-term trend is weak against the longer trend.
4. Candlestick Pattern
A strong bullish candle appeared followed by small red candles at resistance = a signal for potential profit-taking.
📈 Possible Scenarios
Upward:
If the price breaks the 2.94 level with a 15-minute candle closing above it → the next target is 3.00 – 3.05.
Downward (more likely currently due to overbought conditions):
If the price fails to break 2.94 → it may drop to test 2.88 first, then 2.82.
✅ Summary
Short-term trend: sideways with a slight upward bias.
Trading Opportunities:
Buy after breaking 2.94 → target 3.00
Sell/take profit near 2.94 with a stop loss above 2.95
Buy from support 2.82 if a clear rebound occurs.
