🚨 $XRP : Technical rebound or bull trap? Live analysis 📉📈
Content:
The price of XRP is trying to stabilize at 1.44 USDT after hitting a recent low of 1.1172 USDT. Are we facing a buying opportunity or a pause before continuing to drop?
🔍 What the chart tells us (4H):
We observe an interesting struggle in the moving averages.
Critical Support: The level of 1.11 USDT acted as a solid floor.
Dynamic Resistance: The 99-period EMA (purple line on the chart) is at 1.6156 USDT. Until we break that barrier strongly, the larger trend remains bearish.
Indicators: The RSI at 49 shows total indecision (neutral zone). Neither overbought nor oversold.
💡 Fundamental Data:
While technical indicators show caution, "On-Chain" data reveals that institutional funds injected more than $63 million into XRP products last week. The "whales" are accumulating while the retail market is fearful!
My Strategy:
Watch the daily close. If we surpass 1.50 with volume, the next target is the 99 EMA (1.61). If we lose 1.38, we could revisit the lows.
Are you Team "Hold" or Team "Sell"? I read you in the comments! 👇
$XRP #RİPPLE #BinanceSquare #AnalisisTecnico #Criptomonedas
