XRPUSDT — Technical Analysis (12H)
$XRP #TrendTradingStrategy #Ripple
🔍 Overview: XRP (~1.9182) suffers a violent break of the key support, changing to a bearish structure.
1. Trend: The price has forcefully broken the support cluster between $2.05 and $2.10. It is now trading well below the EMA(7) (~1.9354), EMA(25) (~1.9989) and the EMA(99) (~2.0487).
2. Resistance: The former support zone of $1.93 - $2.05 (where the EMAs are now) becomes a strong resistance.
3. Support: The recent low around $1.8106 is the next support level to watch.
4. MACD: The red histogram is expanding, indicating strong and increasing bearish momentum following the break.
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✅ Conclusion:
The collapse of the main support is a very bearish signal for XRP. Attempts at recovery are expected to be sold in the $1.93-$2.00 zone.
📉 #Crypto #AnalisisTecnico #XRP
