The chart shows $XRP facing strong selling pressure on Binance Futures ($XRP / USDC perpetual), currently trading around $1.707 with a sharp -2.87% drop in the last 24 hours. Price has broken below key support near $1.70, hitting a low of $1.6977, while the 24h high was $1.7814.

Technical indicators scream oversold conditions — RSI(6) at ~18 and RSI(14) at 31 indicate heavy downside exhaustion. Stochastic oscillator is deeply in oversold territory (K:17, D:25), and Bollinger Bands show price hugging the lower band after a strong rejection from upper levels ($2.41 earlier peak). MACD remains bearish with negative histogram, but momentum is fading.

Long-term MAs are negative (7d -1%, 30d -11%, 90d -31%, 180d -42%), confirming the broader downtrend. However, this extreme oversold setup + high liquidation bars (longs dominating recent squeezes) often precedes sharp relief bounces in crypto.

Forecast: Potential Short-Term Long Setup

XRP looks primed for a bounce from this oversold zone. Enter Long around current levels (~$1.70–$1.707) for a quick relief rally.

Entry: Now / dip to $1.697–$1.705

Take Profit: $1.78 (first target, near 24h high / resistance) → extend to $1.85–$1.90 if volume picks up

Stop Loss: $1.68 (below recent low for protection)

Risk tight — this is a high-conviction oversold rebound play in a volatile market. Not financial advice, DYOR & manage risk!

Trade $XRP / USDC Now! Catch the bounce before it rockets — Follow & turn 🔔 on for more setups! ✅ Bullish reversal loading?

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