📊 $XRP 15-Min Chart Analysis & Trade Plan ( 2025-02-01)

📈 Market Overview

‱ Current Price: $3.03 (-1.78%)

‱ 24H High: $3.1142

‱ 24H Low: $3.001

‱ Trend: Bearish pullback after a local high

📌 Key Levels to Watch

✅ Resistance Levels:

‱ $3.07 - $3.10 (Short-term resistance)

‱ $3.14 - $3.20 (Major resistance, breakout level)

✅ Support Levels:

‱ $3.00 - $2.98 (Key psychological support)

‱ $2.90 - $2.88 (Major support zone, last strong buy area)

📉 Indicator Analysis

đŸ”č MACD: Neutral, no strong momentum signal.

đŸ”č RSI (6, 12, 24):

‱ RSI(6) = 29.1 (Oversold, possible short-term bounce)

‱ RSI(12) = 42.0 & RSI(24) = 44.9 (Still slightly bearish)

đŸ”č KDJ (K: 26.2, D: 44.1, J: -9.8): Indicates downward pressure but oversold conditions forming.

📈 Trading Strategy Suggestions

🟱 Long (Buy) Setup:

‱ Best Entry: $3.00 - $2.98 (If support holds)

‱ Take Profit Targets:

‱ TP1: $3.07

‱ TP2: $3.10 - $3.14

‱ Stop-Loss: Below $2.96

📌 Confirmation Needed:

‱ If RSI rebounds from oversold and volume increases, this could be a strong buy zone.

🔮 Short (Sell) Setup:

‱ Best Entry: $3.07 - $3.10 (If price fails to break resistance)

‱ Take Profit Targets:

‱ TP1: $3.00

‱ TP2: $2.90 - $2.88

‱ Stop-Loss: Above $3.15

📌 Confirmation Needed:

‱ If price gets rejected at $3.07 - $3.10 with declining volume, shorting makes sense.

đŸ”č Final Thoughts

📌 Current trend: Bearish pullback, testing key support at $3.00.

📌 Best Play: Buy the dip near $3.00 - $2.98 or short near $3.07 - $3.10 if rejected.

📌 Volume is low, so watch for a breakout confirmation before entering.

#XRPETFIncoming?