$XRP
Technical Analysis ($XRP /USDT - 1H Chart)
Trend: Bearish short-term, but strong long-term uptrend (+484% YoY).
Support: $2.9466 (recent low).
Resistance: $3.0276 / $3.0734.
Indicators:
MACD: Likely bearish momentum continuation.
RSI: Likely near oversold, potential bounce.
Volume: Increased selling pressure.
Trade Setup (Short-term Bounce Play)
Entry: $2.95 - $2.96
Take Profit (TP) Levels:
TP1: $3.00 (conservative)
TP2: $3.0276 (previous resistance)
TP3: $3.07 (aggressive target)
Stop Loss (SL): $2.92
Alternative Strategy:
If price breaks below $2.9466, consider shorting to $2.90 with SL at $2.97.
Risk management is key—adjust position size accordingly.
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