$XRP *XRP: Bearish Technicals with Potential Reversal đŹ*
XRP trades at $1.38, down 0.28% daily, with bearish technicals and smart money divergence. Key points:
- RSI near 30 (oversold), MACD bearish, price below key levels with Bollinger squeeze
- Whales net short (630 vs 446 long) and profitable, while top traders accumulate below $1.36
- Large-maker selling dominates ($88.2M) over large-taker buys ($59.6M), driving $4.05M net outflow
*Key Levels:*
- Support: $1.35-$1.547, $1.30
- Resistance: $1.42, $1.657
*Trading Strategy:*
- Short-term: Watch $1.35 support; breakdown increases risk of move to $1.30
- Mid-term: Key zone at $1.547-$1.550; long entry possible with bounce and confirmation
- Long-term: Accumulation by top traders suggests hidden demand; sustained hold above $1.55 could signal shift [1][4][5]
Follow-up questions:
- What's driving the large-maker selling pressure?
- How does XRP's whale activity compare to other cryptocurrencies?
- Are there upcoming events or announcements that could affect XRP's price?
