XRP/USDT 1D Chart Review🔹 1. General Trend
A long-term downtrend is visible, confirmed by the descending trendline connecting the peaks (black diagonal line).
The price continues to respect this trend, and the current rebound looks like a test of this line from below.
🔹 2. Key Levels
✅ Resistance:
2.77–2.80 USDT – current strong resistance (being tested now, with the price trying to break through it).
→ This is the confluence zone: downtrendline + horizontal level.
2.85–2.86 USDT – next resistance (previous local high).
3.12 USDT – main weekly resistance, where the last major downward wave began.
✅ Support:
2.48 USDT – key daily support from which the market rebounded.
2.13 USDT – lower support that halted the earlier crash (large wick).
🔹 3. Stochastic RSI
Currently in the overbought zone (80–100), and the %K and %D lines are close to crossing.
→ This signals that upward momentum may be weakening – a local correction or consolidation is possible.
🔹 4. Scenarios
🟢 Bullish (breakout of resistance 2.77–2.80)
A confirmed breakout and close of the candle above 2.80 USDT will signal a continuation of the move to:
🎯 2.85–2.86 (first target)
🎯 3.12 (second target)
🔴 Bearish (rejection of resistance)
If the daily candle closes below 2.65 USDT, a possible pullback to:
🎯 2.48 (key support)
🎯 2.13 (deeper retest)
