🔸 XRP/USDT – Ascending Channel Breakdown: Will Key Supports Hold? | Master Trade Analysis 🔸

Overview

$XRP is trading at $2.10 on the 1D timeframe. A large descending channel has driven the broader downtrend, while a smaller ascending channel provided brief relief, until price broke down from its support. Now, XRP is approaching two historically significant supports (around $2.–$1.9) that have held recently. Bulls must defend these levels to avoid further downside.

Technical Analysis

🔹 Bollinger Bands (1D): Upper ~$2.56, Middle ~$2.32, Lower ~$2.09 — XRP is flirting with the lower band, suggesting a pivotal zone.

🔹 MACD (1D): DIF -0.0604, DEA -0.0340, MACD -0.0264 — Negative and widening, reflecting ongoing bearish momentum.

🔹 RSI (14, 1D): 22.07 — Deep in oversold territory, indicating strong selling pressure but leaving room for a relief bounce.

🔹 Stochastic (K/D, 1D): 19.12 / 29.08 — Oversold; a bounce is possible if support holds.

🔹 OBV (1D): 34.23B — Volume flow suggests moderate selling; watch for a spike to confirm capitulation or reversal.

🔹 Volume (1D): 50.59M — Decent but not showing the strong surge typically associated with a major reversal.

🔥 Trading Signal: XRP/USDT 🚀

💰 Current Price: $2.10

🔹 Trend: Bearish

🔹 Timeframe: 1D

🔹 Support: $2.0002 | Resistance: $2.30

🔹 Major Resistance Levels: $2.55, $2.70

🔹 Market Sentiment: Bearish

🔹 Buy/Sell Ratio: 40% Buy / 60% Sell

🔹 MACD Confirmation: Bearish Divergence

📊 Signal:

🔴 SELL/SHORT Entry: $2.10 - $2.15

🎯 Targets: $2 | $1.9

🟢 Stop-Loss: $2.30

🔥 Master Trade Setup:

🔹 A clear break below $2.0002 with strong volume could accelerate the downtrend toward $1.9010 or lower.

🔹 If XRP reclaims $2.30, it may invalidate the short setup and spark a relief rally.

🔹 RSI below 30 indicates sellers maintain the upper hand; watch for any bullish divergence on lower timeframes.

💬 Will $XRP hold above these critical supports to spark a rebound, or continue its descent within the larger downtrend?

⚠️ DYOR!