$XRP ‌#GateSpringFestivalHorseRacingEvent

📉 Trend & Structure
Price is below MA10 & MA30, and hovering around MA5 → short-term trend is bearish to weak consolidation.
Clear lower highs after rejection near 1.464, so sellers still have control.
The bounce from 1.373 → 1.464 looks corrective, not impulsive.
📊 Moving Averages
MA5 (1.414): price slightly above it → very short-term relief.
MA10 (1.423) & MA30 (1.428): acting as strong resistance zone (1.42–1.43).
Until price reclaims and holds above MA30, upside is limited.
🔊 Volume
Volume is declining, meaning:
Current bounce lacks strong buying conviction
Risk of another leg down if sellers step in
📉 MACD
MACD is below zero line → bearish momentum still present
Histogram is slightly improving, but no bullish crossover yet
This suggests weak recovery, not a confirmed reversal
📌 Key Levels
Support
1.41–1.40 (immediate)
1.39
1.373 (major support, breakdown = more downside)
Resistance
1.42–1.43 (MA cluster)
1.445
1.464 (swing high)
🧠 Bias & Scenarios
Bearish-neutral bias while below 1.43
🔻 Rejection from 1.42–1.43 → possible retest of 1.39 / 1.37
🔺 Only bullish if 1H close above 1.43 with volume, then target 1.445 → 1.46
🧾 Trade Idea (Example)
Short: 1.42–1.43 rejection
SL: above 1.445
TP: 1.39 → 1.375
Long (aggressive): only after clean break & hold above 1.43