🔸 XRP/USDT – Testing Support with Bearish Pressure: Buy or Wait? | Master Trade Analysis 🔸
Overview
$XRP is trading at $2.1927, down -6.66% on the 4H timeframe. The price has slid from $2.6700 highs, indicating sustained selling pressure. Bulls are trying to hold above $2.1300 support, but momentum remains on the bears’ side unless a strong reversal occurs.
Technical Analysis
🔹 Bollinger Bands (4H): Upper ~$2.63, Middle ~$2.40, Lower ~$2.17 — Price is near the lower band, reflecting current bearish momentum.
🔹 MACD (4H): DIF -0.035, DEA -0.029, MACD -0.006 — Negative, confirming the downward trend.
🔹 RSI (14, 4H): 38.87 — In bearish territory, but could hint at a short-term bounce if it dips further toward oversold levels.
🔹 Stochastic (K/D, 4H): 32 / 28 — Near the lower range, potential for a minor bounce.
🔹 Volume (4H): 28.79M — Selling volume outpacing buying; watch for a volume spike to confirm any reversal.
🔥 Trading Signal: XRP/USDT 🚀
💰 Current Price: $2.1927
🔹 Trend: Bearish
🔹 Timeframe: 4H
🔹 Support: $2.1300 | Resistance: $2.3000
🔹 Major Resistance Levels: $2.4000, $2.6000
🔹 Market Sentiment: Bearish
🔹 Buy/Sell Ratio: 40% Buy / 60% Sell
🔹 MACD Confirmation: Negative
📊 Signal:
🟢 BUY/LONG Entry: $2.15 - $2.20 (Only if momentum shifts)
🎯 Targets: $2.30 | $2.40
🔴 Stop-Loss: $2.10
🔥 Master Trade Setup:
🔹 If XRP closes below $2.1300, expect further downside toward $2.00 or lower.
🔹 A break above $2.30 with rising volume could trigger a relief rally toward $2.40.
🔹 RSI near 39 suggests the market is edging toward oversold, but a firm bullish signal is yet to emerge.
💬 Will $XRP hold $2.1300 support and bounce, or continue its slide under mounting sell pressure?
🛡️ Risk Management
🔹 Risk 2-5% per trade
🔹 Stick to stop-loss
🔹 Aim 1:2+ R/R
🔹 Avoid FOMO & chasing
🔹 Adjust for volatility
⚠️ Always DYOR before trading! Crypto markets are volatile, manage risk wisely.
📌 Note: Futures trading may not be Shariah-compliant. Trade responsibly.