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XRP Holder
Occasional Trader
2.1 Years
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Currently:
Price XRP/USDT: 2.2649 (+1.45%)
Timeframe: 1 hour
Indicators:
Bollinger Bands: Price is moving down from the upper boundary (UP 2.3447) to the middle line (MB 2.2837) and below.
RSI(6): 31.7 — this is already an oversold zone (below 30 is a clear signal of oversold).
Stochastic RSI: 3.74 — very low value, oversold.
MACD: The lines have crossed down, the histogram is decreasing — bearish signal.
What does this mean?
Currently, the price is in a downtrend.
However, RSI and Stochastic RSI are very close to the oversold zones.
This may indicate that a local recovery (bounce upwards) is possible soon, but there are no reversal signals yet.
My assessment of the movement:
If the price holds above the level of 2.22–2.23 (the lower boundary of Bollinger Bands DN 2.2227), a bounce upwards to the middle line of Bollinger Bands — to 2.28–2.29 — is possible.
If the price breaks below 2.22, the decline may continue.
Nearest levels:
Support: 2.2227 and below 2.18.
Resistance: 2.2837 and then 2.3447.#XRPETFs #XRPGoal #XRPUSDT🚨
Price XRP/USDT: 2.2649 (+1.45%)
Timeframe: 1 hour
Indicators:
Bollinger Bands: Price is moving down from the upper boundary (UP 2.3447) to the middle line (MB 2.2837) and below.
RSI(6): 31.7 — this is already an oversold zone (below 30 is a clear signal of oversold).
Stochastic RSI: 3.74 — very low value, oversold.
MACD: The lines have crossed down, the histogram is decreasing — bearish signal.
What does this mean?
Currently, the price is in a downtrend.
However, RSI and Stochastic RSI are very close to the oversold zones.
This may indicate that a local recovery (bounce upwards) is possible soon, but there are no reversal signals yet.
My assessment of the movement:
If the price holds above the level of 2.22–2.23 (the lower boundary of Bollinger Bands DN 2.2227), a bounce upwards to the middle line of Bollinger Bands — to 2.28–2.29 — is possible.
If the price breaks below 2.22, the decline may continue.
Nearest levels:
Support: 2.2227 and below 2.18.
Resistance: 2.2837 and then 2.3447.#XRPETFs #XRPGoal #XRPUSDT🚨
😡😡😡🤬🤬🤬🤬🤬
Proekt_73
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US SEC Appeal Against Ripple (XRP) Frozen - Court Gives Parties 60 Days
US SEC appeal against Ripple (XRP) frozen - court gives parties 60 days.
Moreover, this was done by mutual consent - the judge granted the joint motion of the SEC and Ripple to suspend the proceedings in the case.
The parties do not abandon the appeal, but take a break - potentially for negotiations or reconsideration of positions. The court does not formally close the case, but temporarily suspends the process. But in general, it is no secret that everything is heading towards the funeral of the case.
Moreover, this was done by mutual consent - the judge granted the joint motion of the SEC and Ripple to suspend the proceedings in the case.
The parties do not abandon the appeal, but take a break - potentially for negotiations or reconsideration of positions. The court does not formally close the case, but temporarily suspends the process. But in general, it is no secret that everything is heading towards the funeral of the case.
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Possible scenario for XRP
The following technical picture is visible on the XRP/USDT pair chart (4h timeframe):
1. Price and trend
Current price: 1.8737
The price sharply fell to a minimum of 1.6134 but then quickly bounced back up - a reversal or correction is possible.
The current bar is a long green candle after a decline - a bullish pattern 'engulfing', a possible reversal signal.
1. Price and trend
Current price: 1.8737
The price sharply fell to a minimum of 1.6134 but then quickly bounced back up - a reversal or correction is possible.
The current bar is a long green candle after a decline - a bullish pattern 'engulfing', a possible reversal signal.
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