XRP/USDT Trading Setup (LONG - Counter-Trend Bounce)

XRP is in a strong downtrend, trading below EMA(7): 1.9058, EMA(25): 1.9975, and EMA(99): 2.3050. The daily trend is bearish (-2.76%), and OBV is negative, indicating selling pressure. However, the price is approaching a potential support zone near recent lows, which could lead to a short-term bounce.

Key Levels:

· Resistance: 1.9058 (EMA 7), 1.9975 (EMA 25), 2.3050 (EMA 99)

· Support: Recent lows near 1.8772 (current price), with major support around 1.8000

Trigger:

A 15-minute RSI bounce from oversold (<30) and break above 50, combined with a 1-hour candle close above EMA(7) at 1.9058.

Entry Zone:

1.8700 – 1.8800

Take Profit Targets:

· TP1: 1.9058

· TP2: 1.9473

· TP3: 1.9975

Stop Loss:

1.8500

$XRP #USGDPUpdate #XRP #rsshanto

XRPUSDT

Perp

1.8865

-2.51%