Binance XRPUSDT 1h Trend Prediction

XRPUSDT has entered a short-term correction phase after failing to hold above its 20/50h moving averages and rejecting at previous resistance zones near 2.95-2.94. Momentum indicators (RSI/KDJ) signal that the rebound is losing steam, with failure to generate higher highs. MACD continues to show weak bullish attempts, with negative values for both DIF and DEA. This is often a precursor to continuation moves lower unless strong volume reversal appears (currently absent). Whale ratio bias is bullish (whale long/short account >2.6, top accounts >3.9), but mainstream account ratios and order book sell dominance below 1.0 indicate the potential for forced stop-outs and price continuation lower before any sustainable reversal. The trading volume has spiked during previous dips, which commonly indicates capitulation flushes. However, low follow-up buying and a persistent negative funding rate reinforce short-term selling pressure. Expect further price testing of the support cluster between S1-S2 (2.812-2.760), with a likely short-term bottoming attempt in this zone, followed by a consolidation if it holds. If this area fails, fast moves towards S3 (2.69) possible. Trade strategy: Favor short positions or tactical selling near $2.86-2.87, with a stop above $2.88. Target profit at 2.8100-2.8450. Scalpers can take partial profits when approaching major hourly support. Only consider countertrend longs if a sharp rebound from the 2.81-2.76 region is confirmed with high volume and bullish divergence signs. Risk management: If price closes strong above 2.87 (mid Bollinger band and MA20), prepare for re-testing upper resistances at 2.94, otherwise, maintain a defensive short bias.