$XRP it can be good time to enter
Technical Indicators Breakdown For XRP
EP:1.6720-1.6780, SL:1.6550, TP1: 1.72, TP2:1.77, TP3: 1.8080
1. RSI (Relative Strength Index)
Looking at the price action hitting the lower Bollinger Band (1.67), the RSI is likely hovering near the oversold territory (30-35).
Interpretation: This suggests the selling pressure is reaching an extreme, and a "relief bounce" is statistically probable.
2. MACD (Moving Average Convergence Divergence)
The 1-hour chart shows a clear bearish crossover that occurred earlier.
Interpretation: The MACD lines are likely below the zero level. For a safe entry, we look for the "Blue Line" (MACD) to curve upward and cross over the "Signal Line" (Orange), which would confirm a shift in momentum.
Strategy Notes:
Confirmation: Wait for a green "Hammer" or "Doji" candle to form on the 1-hour chart before entering. This confirms that buyers are stepping in at the $1.67 level.
Trend: The overall 1-year trend is down (-46%), so treat this as a short-term swing trade rather than a long-term hold.
Volume: Note the red volume spikes in your chart; if the next big volume bar is green, it's a strong signal to enter.
NFA