$XRP 📉 XRP/USDT – Dead cat bounce or early reversal? Let’s read the chart 👀
On the 1D timeframe, XRP is still in a clear downtrend, but something interesting is happening 👇
🔹 Price bounced from a strong support near 1.77
🔹 Current price is hovering around 1.88
🔹 MA(7) is starting to curl up, showing short-term relief
🔹 Price is still below MA(25) & MA(99) → trend is NOT bullish yet
🔹 Volume is low → confirms this move is a relief bounce, not a breakout
📌 Key Levels to Watch
Support: 1.77 – 1.80
Immediate Resistance: 1.94 – 2.00
Trend Flip Zone: Above MA(25) with volume
💡 My Take
This looks like a technical bounce after heavy selling, not a confirmed reversal.
Bulls need strong volume + daily close above 2.00 to change the trend.
Until then, caution is key ⚠️
🧠 Smart traders wait for confirmation — emotional traders chase green candles.
📊 What do you think?
Bounce continuation or another rejection? Comment below 👇
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