🚨$XRP /USDT: Reading the Signals After the Shakeout 📊

Current Price: $1.422 (up 10.15% in 24h)
Timeframe: 12-hour chart

If you've been watching XRP lately, you just witnessed a textbook example of what traders call a "washout." Let me walk you through what's happening.

The Story This Chart Tells

XRP dropped hard to $1.119—that sharp spike down you see on the chart. But here's what matters: it didn't stay there. The price bounced back quickly and is now trading around $1.42. That kind of quick recovery often means something important.

What the Indicators Are Saying

The RSI (Relative Strength Index): Think of this as a measure of buying and selling pressure. Right now it's at 42.5 and climbing. When RSI bounces up from low levels like this, it suggests the selling pressure is easing and buyers are regaining control.

Bollinger Bands (those orange lines): These show the normal trading range for XRP. The price fell below the lower band (oversold territory) but has now climbed back inside. The next natural target? That middle band around $1.60.

Volume (the bars at the bottom): Notice how the green volume bars are getting bigger on the recent bounce? That tells us real buyers are stepping in—not just a few quick trades, but meaningful interest.

What Does This Mean?

That plunge to $1.11 cleared out a lot of weak positions—traders who were over-leveraged or betting with borrowed money. Think of it as forest fire that clears out the underbrush. Not fun to watch, but it creates healthier conditions for new growth.

The fact that XRP bounced 27% from that low point and is holding above $1.40 suggests strong buyers defended that $1.11-$1.12 zone aggressively.

The Setup Going Forward

Keep an eye on the $1.35-$1.40 range. If XRP dips back to test these levels and holds firm, that could confirm this area as new support—a floor the price doesn't want to break below again. From there, a move back toward $1.60 becomes the logical next step.

Of course, nothing in markets is guaranteed, but the current picture suggests XRP may have found its footing after the recent turbulence.

What's your take on XRP's next move? Are you watching any key levels? Share your thoughts below. 👇

Trade smart, manage your risk, and never invest more than you can afford to lose.