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$XRP /USDT — 1H Chart Analysis
Current Price: 1.863
24h Range: 1.827 – 1.988
Trend: Bearish continuation with minor recovery attempt
Key Observations
🔹 Moving Averages:
MA5 ≈ 1.845
MA10 ≈ 1.852
MA30 ≈ 1.884
Short MAs are below the long MA → downtrend still active.
🔹 Price Action:
Strong drop from 2.048
Local bottom formed at 1.827, followed by a weak bounce
Price struggling to reclaim MA10 and MA30 → bulls still weak
🔹 MACD:
MACD, Signal, and Histogram all below zero
Weak momentum, no strong reversal signal yet
Slight flattening shows possible consolidation before next move
Support & Resistance
Support: 1.827 (local bottom)
Resistance: 1.937 → MA30 region
Next major resistance: 2.00 psychological
Overall Bias
Bearish to Neutral.
XRP is attempting a small rebound after a sharp decline but still trading below key moving averages. Bulls need a breakout above 1.90–1.94 to flip trend short-term.
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