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$XRP ALERT: Heavy Selling Pressure Testing Multi-Day Support! 📉
Current Price: 1.3091 (-2.70%)
📍 Entry Zone: 1.285 – 1.295 (Watch for a bounce at the previous swing low)
🛑 Stop Loss: 1.275
🎯 Take Profit Targets:
• TP1: 1.3156 (MA7 Resistance)
• TP2: 1.3344 (MA25 Resistance)
• TP3: 1.3577 (24h High)
📊 Analysis:
The short-term trend for (
$XRP ) has turned Bearish on the 1-hour chart as it experiences a significant correction. The price has cascaded below all major moving averages, including the MA(7) (1.3156), MA(99) (1.3189), and MA(25) (1.3344). The MACD confirms strong downward momentum with a value of -0.0036 and an expanding red histogram, following a clear rejection from the daily high of 1.3577.
⚠️ Risk Tip:
With a 24-hour volume of 108.12M USDT, liquidity remains high, but the price is currently hovering just above the 24h low of 1.3086. Negative performance across the 7-day (-1.88%) and 30-day (-3.80%) metrics suggests that
$XRP is struggling to maintain upward traction. If the current support level fails, the next major floor to watch is the previous low at 1.2787.
🔥 Bulls need a reclaim of the $1.320 level (MA99) to begin stabilizing the chart and invalidate the current bearish structure.
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