Based on the 15-minute $XRP chart, the price is currently showing signs of a short-term correction after hitting a local peak of 1.6070. XRP is trading at 1.5094, hovering just below the major Exponential Moving Averages (EMA 21, 25, and 99), which are now acting as overhead resistance.
The MACD indicates bearish momentum as the signal lines remain in negative territory, though the histogram shows selling pressure might be stabilizing. A bounce is possible if support at 1.4980 holds, but a break below this could lead to further cooling toward 1.4500.
XRP Trade Plan
* Entry: $1.5100 - $1.5200 (on a successful reclaim of the EMAs)
* Take Profit 1: $1.5750
* Take Profit 2: $1.6050
* Stop Loss: $1.4850
XRP
1.4484
-1.07%