๐จ$XRP
XRP/USDT is trading around $2.94 on the 1-hour chart after a failed attempt to reclaim momentum. Sellers have tightened their grip, pressing the price toward the nearest support at $2.92. Although order book data shows some buy-side activity, momentum remains tilted in favor of the bears.
๐ Trend & Momentum
The EMA stack is bearish (20 < 50 < 200), meaning the short-term structure favors further downside. Price action is below the EMA cluster, with resistance stacked overhead at 3.01, 3.05, and 3.08.
Momentum indicators confirm the weakness. The MACD is bearish (-0.024 vs -0.018), and the Volume Oscillator is negative (-0.28), showing that sellers are dominating the tape. Meanwhile, the RSI is at 39.2, which is weak but not yet oversold, leaving space for further declines before any relief bounce.
๐งฑ Key Levels
Resistance: $3.01 โ $3.05 โ $3.08
Major Resistance: $3.13 (red line on the chart)
Nearest Support: $2.92 (green line)
Secondary Support: $2.90 โ $2.88 zone
For bulls to regain momentum, they must reclaim 3.01โ3.05 with volume. If 2.92 fails, the door opens to test deeper supports around 2.90 or even 2.88.
๐งฎ Order Flow & Sentiment
Despite bearish momentum, order flow highlights some buy-side strength. The scanner shows an OB buy-imbalance of +27.5% and a buy wall cushioning dips. This could help defend the $2.92 support level temporarily.
However, a lack of breakout signals and the bearish EMA stack suggest that buyers are absorbing pressure rather than reversing the trend. Funding is neutral at +0.01%, meaning this move is mostly driven by spot selling rather than leveraged positions.
๐ฏ๏ธ Candle Patterns
The latest candlestick formations are heavily bearish:
Bearish Engulfing: Strong reversal candle, confirming sellersโ dominance.
Tweezer Top: Shows sellers defending highs, often followed by downside continuation.
Bearish Marubozu: Full-bodied red candle with little to no wick, signaling aggressive downside momentum.
Together, these patterns emphasize bearish continuation unless buyers flip key resistance with volume.
๐ฏ Possible Scenarios
๐ Bearish Continuation: Failure to hold 2.92 support could drag XRP down to 2.90โ2.88, with risk of deeper losses if momentum accelerates.
๐ Bullish Counter-Play: A strong 1h close back above 3.01โ3.05 with a positive Volume Oscillator could spark a push toward 3.08โ3.13.
โ๏ธ Sideways Chop: If $2.92 holds but bulls canโt reclaim $3.01, expect range-bound trading between 2.92โ3.05, frustrating both sides.
โก Final Verdict
XRP/USDT is currently bearish on the 1h timeframe, with downside momentum confirmed by MACD, VO, and bearish candlestick patterns. Bulls have one last line of defense at $2.92. If that level breaks, sellers could push the pair lower toward $2.90โ$2.88. On the other hand, a strong reclaim of $3.01โ3.05 with volume would be the first sign of a possible reversal.
๐ฅ Bottom Line: The market is stacked against the bulls. $2.92 is the key level โ hold it and XRP may bounce, lose it and the selloff likely continues.
โ ๏ธ Not financial advice โ always DYOR before trading.
๐๐ Trade here $XRP #CryptoRally
