XRP/USDT - Bearish Divergence on 15m Chart
A bearish divergence is visible on the 15-minute chart for XRP/USDT. While the price is forming higher highs, the RSI indicator is showing lower highs, indicating waning bullish momentum.
Key Observations:
Resistance Zone: $2.33–$2.35 (current local high).
Support Levels:
First: $2.28 (recent consolidation area).
Second: $2.07 (previous key level).
RSI Trend = Divergence shows the possibility of a short-term reversal.
Potential Scenarios:
1) Rejection at Resistance: If the price fails to break above $2.33, I expect pullback until next support $2.18 and $2.07
2) Breakout Confirmation: A move above $2.37 could invalidate the divergence and lead to further bullish continuation.
Key Observations:
Resistance Zone: $2.33–$2.35 (current local high).
Support Levels:
First: $2.28 (recent consolidation area).
Second: $2.07 (previous key level).
RSI Trend = Divergence shows the possibility of a short-term reversal.
Potential Scenarios:
1) Rejection at Resistance: If the price fails to break above $2.33, I expect pullback until next support $2.18 and $2.07
2) Breakout Confirmation: A move above $2.37 could invalidate the divergence and lead to further bullish continuation.
Nota
1H closed with a beautiful red doji candle, potential reversal is near? Let's find out!Nota
In 1-2 hours should be clear if this is real divergence, as from the other side we can feel the bull pressure.
Small reminder, in this market you need to act fast. If you open the trade and the price starts to fall below 2.25, move SL to BE.
Ordine annullato
This time it didnt worked out.
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