🔥XRP/USDT: Preparing for a new impulse!
On the 30-minute chart of XRP/USDT, a local zone of selling pressure is forming: the price is trading at 2.0009, remaining below EMA(21) and EMA(50), which maintains a bearish slope. However, RSI at 42.26 indicates oversold conditions, and the stochastic in the neutral zone hints at a possible upcoming reversal. MACD remains in the negative, but the histogram is narrowing — a signal of weakening decline.
🚨Indicators (brief):
EMA(21) — 2.0124
EMA(50) — 2.0201
RSI — 42.26
MACD — -0.0008
💰Trading plan
Main scenario: Waiting for a deeper pullback and reaction to support. The main focus is on finding a safe long entry point after confirming the reversal.
🎯Growth targets:
2.0371 — +1.8%
2.0444 — +2.2%
2.0670 — +3.3%
➡️Entry points:
Conservatively: Bounce from 1.9692 — buyer confirmation.
Aggressively: Break and hold above 2.0009.
⛔️Stop-loss: 1.9680 (≈1%).
📌Conclusion
XRP is preparing for recovery, but key remains the control of levels and dynamics of indicators. We play by the plan, work strictly according to signals, and do not forget about risks.
Spot trading 👉$XRP
Futures 👇
