$XRP
Based on the 1-hour and 1-day charts. Here is a temporary analysis of XRP's movement:
1-Hour Chart (1H)
Bollinger Bands: The current price is approaching the middle band, but has not broken through. Volatility looks quite high because the band is wide.
RSI: Is in the area around 56, indicating that the market tends to be neutral towards overbought, but there is no strong signal to sell (short).
MACD: The histogram is starting to move positively with the MACD line approaching an upward crossover. Bullish potential is seen in this timeframe.
1-Day Chart (1D)
Bollinger Bands: The price is near the lower limit (DN), indicating weakness in the long-term trend.
RSI: Around 37, approaching the oversold area. There is a possibility of a rebound, but bearish pressure is still dominant.
MACD: Negative histogram with weakening divergence. The potential is still bearish.
Recommendations
Based on the combination of indicators from 1 hour and 1 day, in the next 4 hours:
1. Short-term dominant trend: A small rebound to the upside is still possible due to bullish momentum on the 1H chart. However, the major trend from the daily chart is still bearish.
2. Open Position:
Short-term (day trade):
Long position: Entry around 2.2100 - 2.2200, profit target at 2.2500 - 2.2600.
Stop Loss: Below 2.1900.
Short position: If the price fails to breakout upwards and falls back near 2.2000, short with a target of 2.1600 - 2.1700.
Stop Loss: Above 2.2300.
Note:
This movement is only a temporary technical prediction. Pay attention to fundamental news or market sentiment related to XRP/USDT that can affect volatility in the near future.