Technical Analysis XRP/USDT
1D
🔹 3.12 USDT
🔹 Volume (24h): 125.59M XRP
🔹 Average Volatility: 5.44%
📊 Indicators:
✅ RSI(14): 59.43 - Neutral leaning strong, but not overbought yet.
⚠ MFI(14): 64.71 - Liquidity coming in, but not extreme.
✅ CCI(14): -23.07 - Slight selling pressure, but within normal range.
⚠ BBands(20,2): Price in middle zone, not touching bands.
🔴 MACD: Recent bearish crossover, weak short-term signal.
✅ ADX: Strong bullish trend (ADX > 25), but with divergence in MACD.
🔴 Parabolic SAR: Bearish signal, contradicts ADX.
✅ MOM(10): Positive, although losing strength.
✅ SMA(50): Price above (2.67), key support.
📊 VPVR: Areas of interest at 2.93 (support) and 3.16 (resistance).
📊 Analysis:
- Trend: Bullish in general framework, but with mixed short-term signals (bearish MACD and SAR vs. strong ADX).
- Volatility: Low (5.44%), sideways movement with slight bearish bias today.
- Patterns: Price respecting SMA 50, but with rejection at 3.16.
- Supports:
2.93 USDT (VPVR base + Ichimoku),
2.78 USDT (Ichimoku cloud + SMA 50).
- Resistances:
3.16 USDT (recent high),
3.50 USDT (psychological + upper BB).
🎯 Strategy:
- Scenario 1 (Bullish): If the price surpasses 3.16 with high volume, entry at 3.20. TP1: 3.35, TP2: 3.50. SL: 2.99 (below immediate support).
- Scenario 2 (Correction): If MACD and SAR confirm weakness, wait for a drop to 2.93. Possible entry at 2.95 with SL at 2.85.
- Scenario 3 (Sideways): Range 2.93-3.16. Trade on bounces with adjusted SL (e.g., 2.90 on longs, 3.18 on shorts).
🔍 Observations:
- The bearish volume today was greater than the bullish (219M vs. 112M), but the volume SMA remains neutral.
- The Ichimoku cloud (2.78-2.93) is key: if lost, it could accelerate selling.
- Strong ADX suggests that any correction would be temporary as long as the SMA 50 is not lost.
DYOR
- Always adjust risks and avoid emotional attachments.