XRP/USDT - 5-Minute Chart

The price is currently in a downtrend, trading below all key Exponential Moving Averages (EMAs).

🔸 EMA Levels:

EMA (21): $3.0471

EMA (33): $3.0502

EMA (50): $3.0543

EMA (99): $3.0636

EMA (200): $3.0752

Observation:

Price is below all EMAs, indicating bearish momentum.

EMA (200) is far above the current price, suggesting strong resistance at $3.07.

Short-term resistance: $3.05 - $3.07

Support level: $3.01 - $3.02

📊 Indicator Analysis

1️⃣ MACD (Moving Average Convergence Divergence)

DIF (MACD Line): -0.0050

DEA (Signal Line): -0.0027

Histogram: -0.0022 (Negative)

🔸 Interpretation:

MACD is below zero → bearish momentum.

Histogram is negative → selling pressure still dominant.

No bullish crossover yet → No reversal confirmed.

2️⃣ Stochastic RSI

K: 17.9282

D: 27.7062

J: -1.6278

🔸 Interpretation:

Stochastic RSI is near oversold levels (<20), meaning a bounce might happen soon.

K is crossing below D, suggesting a continuation of the downtrend unless a crossover happens.

3️⃣ RSI (Relative Strength Index)

RSI (6): 30.9139

RSI (14): 38.2277

🔸 Interpretation:

RSI (6) is close to oversold (30), meaning sellers are in control.

RSI (14) below 40 confirms bearish sentiment.

If RSI drops below 30, it may indicate a strong buy opportunity for a short-term bounce.

📌 Support & Resistance Levels

📈 Trading Plan

1️⃣ Bullish Scenario (Long Trade)

✅ Entry: If price holds above $3.01 - $3.02 and RSI rebounds.

🎯 Target: $3.05 - $3.07

🛑 Stop Loss: Below $3.00

🔍 Confirmation: Look for a bullish MACD crossover or RSI above 40.

2️⃣ Bearish Scenario (Short Trade)

✅ Entry: If price fails to break above $3.05 - $3.07 (EMA 50 & 200).

🎯 Target: $3.02 - $3.00

🛑 Stop Loss: Above $3.075

🔍 Confirmation: MACD stays negative, RSI below 35.

🚨 Final Thoughts

Bearish trend still active with resistance at $3.05 - $3.07.

RSI & Stochastic RSI near oversold → Possible short-term bounce.

Watch for MACD bullish crossover before entering long trades.