$XRP Trading strategy on the 1-hour timeframe based on current technical indicators and price action:

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1. XRP / USDT Market Overview:

• Current Market Price: $2.1716

• Trend: Short-term bearish with selling pressure increasing

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2. XRP / USDT Technical Analysis:

• EMA(21): $2.2068, acting as dynamic resistance

• EMA(50): $2.1914, recently broken down

• EMA(200): $2.1287, next major support

• MACD: Bearish, histogram red

• RSI(6): 26.67 — oversold zone

• Stoch RSI: 13.41 — deeply oversold, possible bullish crossover ahead

Supports: $2.13 (EMA200), $2.10 (previous demand zone)

Resistances: $2.19 (EMA50), $2.21 (EMA21), $2.30 (swing high)

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3. $XRP / USDT Spot Trading Setup:

• Buy Zone: $2.13–$2.17 (EMA200 + RSI oversold)

• TP1: $2.19 (EMA50)

• TP2: $2.21 (EMA21 reclaim)

• TP3: $2.30 (previous local high)

• SL: $2.09 (below demand zone and structure)

Best Course of Action:

Buy — Oversold indicators and support at EMA200 offer a good risk-reward spot entry.

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4. $XRP / USDT Futures Trading Setup:

• Long Entry: $2.13–$2.17

• TP1: $2.19 (EMA50)

• TP2: $2.21 (EMA21 breakout)

• TP3: $2.30 (swing high)

• SL: $2.09 (below structure)

• Short Entry: Below $2.09 breakdown

• TP1: $2.05

• TP2: $2.00 (psychological level)

• TP3: $1.94 (major support)

• SL: $2.19 (above EMA50)

Best Course of Action:

Long — Conditions favor a bounce from oversold levels with clear upside targets.

[Note: “This post does not constitute financial advice. Please evaluate all risks and make investment decisions based on your own informed judgment.”]