Technical indicators keep a sell bias: Bollinger Bands and Stochastic are pointing lower, the MACD histogram remains stable in negative territory, and on the weekly chart the instrument is declining while working through a “double top” pattern.

Support and resistance levels

Resistance: 2.1484, 2.3437, 2.5390.

Support: 1.6420, 1.4648.

XRP/USD chart

Trading scenarios and XRP/USD forecast

Bearish scenario: Short positions can be opened from 1.8260 with targets at 1.6420 and 1.4648, with a stop-loss at 1.9520. Time horizon: 5–7 days.

Bullish scenario: Long positions can be opened above 2.1484 with targets at 2.3437 and 2.5390, with a stop-loss at 2.0100.

Scenario

Timeframe Weekly
Recommendation SELL STOP
Entry point 1.8255
Take Profit 1.6420, 1.4648
Stop Loss 1.9520
Key levels 1.4648, 1.6420, 2.1484, 2.3437, 2.5390

Alternative scenario

Recommendation BUY STOP
Entry point 2.1485
Take Profit 2.3437, 2.5390
Stop Loss 2.0100
Key levels 1.4648, 1.6420, 2.1484, 2.3437, 2.5390