XRP/USDT (1H) – Local Weakness and Search for a Reversal Point
On the XRP/USDT chart (1-hour timeframe), a pronounced bearish impulse is observed after testing the 3.0810 level, which acted as a key local resistance. The price broke below several moving averages (EMA 7, 25, and 99), consolidating beneath them. This indicates clear seller dominance in the current phase.
EMA Analysis
Short-term EMAs (7 and 25) are sloping downward and remain well below the EMA 99, confirming a developed downtrend. Until the price reclaims the 2.90–2.92 area, it is premature to speak of recovery.
MACD
The indicator remains in the negative zone, with the histogram showing consistent red bars, signaling ongoing bearish pressure. No clear signs of convergence or reversal have appeared yet.
Volumes
Trading activity spiked during the drop, suggesting profit-taking by some participants while others attempted to buy at support.
RSI
RSI(6) and RSI(12) are in strong oversold territory (around 28–29), with RSI(24) also heading toward lower levels. This opens the possibility of a short-term technical rebound.
Key Levels
• Support: 2.8150 (current low), followed by 2.78.
• Resistance: 2.86 and the 2.90–2.92 zone.
• A breakout above 2.92 could pave the way toward 2.97 and higher.
Conclusion
The overall picture remains bearish: XRP is under seller pressure and trading below critical EMAs. However, oversold RSI and increased volumes may trigger a corrective bounce. The most likely scenario is a test of the 2.86–2.92 resistance zone, potentially forming a rebound. A confirmed reversal would require consolidation above 2.92.