Post
--
$XRP ๐ XRP/USDT โ Dead cat bounce or early reversal? Letโs read the chart ๐
On the 1D timeframe, XRP is still in a clear downtrend, but something interesting is happening ๐
๐น Price bounced from a strong support near 1.77
๐น Current price is hovering around 1.88
๐น MA(7) is starting to curl up, showing short-term relief
๐น Price is still below MA(25) & MA(99) โ trend is NOT bullish yet
๐น Volume is low โ confirms this move is a relief bounce, not a breakout
๐ Key Levels to Watch
Support: 1.77 โ 1.80
Immediate Resistance: 1.94 โ 2.00
Trend Flip Zone: Above MA(25) with volume
๐ก My Take
This looks like a technical bounce after heavy selling, not a confirmed reversal.
Bulls need strong volume + daily close above 2.00 to change the trend.
Until then, caution is key โ ๏ธ
๐ง Smart traders wait for confirmation โ emotional traders chase green candles.
๐ What do you think?
Bounce continuation or another rejection? Comment below ๐
#XRPUSDT๐จ #CryptoAnalysis๐๐๐๐ ๐ #ALTCOฤฐNS
#TechnicalAnalysiss #MarketUpdate
{spot}(XRPUSDT)
On the 1D timeframe, XRP is still in a clear downtrend, but something interesting is happening ๐
๐น Price bounced from a strong support near 1.77
๐น Current price is hovering around 1.88
๐น MA(7) is starting to curl up, showing short-term relief
๐น Price is still below MA(25) & MA(99) โ trend is NOT bullish yet
๐น Volume is low โ confirms this move is a relief bounce, not a breakout
๐ Key Levels to Watch
Support: 1.77 โ 1.80
Immediate Resistance: 1.94 โ 2.00
Trend Flip Zone: Above MA(25) with volume
๐ก My Take
This looks like a technical bounce after heavy selling, not a confirmed reversal.
Bulls need strong volume + daily close above 2.00 to change the trend.
Until then, caution is key โ ๏ธ
๐ง Smart traders wait for confirmation โ emotional traders chase green candles.
๐ What do you think?
Bounce continuation or another rejection? Comment below ๐
#XRPUSDT๐จ #CryptoAnalysis๐๐๐๐ ๐ #ALTCOฤฐNS
#TechnicalAnalysiss #MarketUpdate
{spot}(XRPUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.