🔥XRP/USDT — support check: decisive moment
Current price: 1.877
Timeframe: 1H
XRP is under selling pressure and testing a key support zone. After a sharp pullback from the 1.95–1.98 area, the price broke below EMA21 and EMA50 and is now trading below all major moving averages. The market looks weakened, but there are signs of a possible short-term rebound.
📊 Indicators (brief):
EMA(21): 1.9108 — nearest resistance
EMA(50): 1.9220 — sellers' zone
EMA(99): 1.9458 — medium-term bearish control
MACD: in negative territory, the histogram reinforces the downward momentum
RSI(6): 33.5 — close to oversold
RSI(14): 39.3 — pressure persists
Stoch RSI: in deep oversold — technical rebound possible
Volume: spike on the decline — fixation/panic sales
🧭 Trading plan (main scenario — rebound from support):
Support zone: 1.85–1.87
➡️Entry (long):
1.86–1.88 after confirmation (pin bar / engulfing)
Targets:
🎯 TP1: 1.91
🎯 TP2: 1.94
🎯 TP3: 1.98
⛔️Stop-loss:
1.82 (below the local minimum)
⚠ Alternative scenario:
Consolidation below 1.85 will open the way to 1.80–1.78, where one should look for a new buyer reaction.
Spot trading 👉$XRP
Futures 👇
