1. Summary
$XRP is trading around $2.88 after a pullback to the support area of ~$2.84 and is currently experiencing a small bounce.
• price ~$2.88; near support: $2.84–$2.78; resistance: $2.92–$3.00 → $3.12.
• Key signal: RSI neutral (~47), short MA below long MA — volume to confirm any recovery.
2. Analysis
The 1H technical shows a short-term structure leaning bearish but reacting at the support area of $2.84; MA7 < MA25/99, RSI ~47 → not oversold, not overbought. Recent volume shows weakness when testing resistance, so any breakout must be accompanied by a volume spike to be reliable. Regarding sentiment, the market is cautious — a technical rebound may occur but is easily blocked by inflow or profit-taking from whales.
3. Strategy
Entry:
Scenario A (Probe): buy cautiously if a clear 1H reversal candle appears + volume spike around the support area; use limit/probe orders.
Scenario B (Confirmation): wait for a 1H close above ~$2.93–$2.95 with volume to add.
Stop-loss: SL set below $2.75–$2.72 (breaking below here indicates a weaker structure).
Take-profit: TP1 $2.95–$3.05 (first resistance area), TP2 $3.12–$3.30 (scale-out if momentum continues).
Exit triggers: large volume entering the market, weak volume at resistance, or negative news about regulations/partnerships → exit immediately.