XRP/USDT – Potential Consolidation or Bearish Continuation
📊 Trade Setup Overview
Current Price: $2.2555 (-0.80%)
Support: $2.2554 (Increased Bid Liquidity)
Resistance: $2.2555 (Top Ask Liquidity)
📈 Indicator Insights
RSI: 25 (Weakening momentum, potential consolidation or bearish continuation).
MFI: (Potential typo or display error, should be MEI 14).
Volume: Slight decrease (XRP: 145.31M → 145.30M; USDT: 320.05M → 320.02M).
🚀 Trade Plan
Long Entry: Watch for price stabilization above $2.2554 and RSI rebound above 30 with increasing volume.
Target: $2.2555 (Resistance level)
Stop-Loss: Below $2.2554 (to protect against further bearish momentum).
⚡ Confirmation Required
RSI: A move above 30 to confirm bullish momentum.
Volume: Look for increased buy volume to sustain the breakout.
A sustained bid strength at $2.2554 and a rebound in RSI above 30 could lead to a move toward $2.2555. Watch for further bearish signs if momentum doesn't strengthen.
#Xrp🔥🔥 #XRPUSDT🚨