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- Hey fam—did you join yesterday’s [Show Your Alpha Points] event? Still not sure how to post your screenshot? No worries, here’s a super easy guide to help you win your share of the $200 mystery box prize!
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📊 XRP/USDT Market Insight & Prediction
The XRP/USDT market is showing clear signs of consolidation after a sharp drop from the recent local high of 3.1772 to a low of 2.8909. Currently, price is hovering around 2.9422, reflecting a cautious market.
🔍 Technical Breakdown
Moving Averages: The EMA lines are still tightly grouped, suggesting low volatility. The price remains under the EMA30, signaling bearish pressure.
MACD: Negative MACD and falling histogram bars show bearish momentum, but weakening selling pressure.
RSI: The RSI(6) is below 35, indicating XRP is close to being oversold — a possible bounce might be near.
KDJ: The J-line is way below K and D, supporting the oversold condition and hinting at a short-term rebound.
Williams %R: All periods show deeply negative values, often preceding price recoveries.
📈 Near-Term Prediction (1H Chart)
We may expect a short-term bounce towards the 2.97–3.00 zone before facing further resistance. If the price breaks above 3.00, it could retest 3.05–3.10.
📉 Downside Watch
If bearish sentiment resumes, watch for a retest of the 2.89 low. A breakdown below this level could open doors to 2.85 or lower.
📆 Strategy Tip
Scalp and short-term traders should watch for confirmation around 2.94 support and 2.97 resistance. Swing traders may look for a broader signal across 4H charts before making a mo
#XRP#