XRP/USDT (1H) – What's going on here?XRP / TetherUSBINANCE:XRPUSDTcryptodailyuk📊 XRP/USDT (1H) – What's going on here? 🔻 Trend • You have a clear downtrend (black trend line ↓) • Price continues to respect this line → any bounce = potential short • We are below the moving average (red MA) → bearish bias ⸻ 📉 Key Levels 🔴 Resistance: • 1.3340 – strong (MA + structure) • 1.3679 – higher HTF resistance 🟢 Support: • 1.3081 – local support (currently being tested) • 1.2799 – strong support (lower low) ⸻ 🧠 Market Structure • There was a strong dump → consolidation (range) • Now: • we are making lower highs • price is bouncing below the trend line 👉 This is a classic: bear flag / consolidation before further decline ⸻ 📊 Indicators MACD: • Rising slightly, but: • Still close to zero → No uptrend strength RSI: • Around 50–55 → Neutral • No bullish advantage 👉 Meaning: No momentum for an upside breakout ⸻ ⚔️ Scenarios 🟥 Scenario 1 (more likely): ➡️ Bounce to: • 1.32–1.33 (trendline + MA) ➡️ and then: • Drop to 1.308 → 1.28 👉 Setup: • Short on trendline rejection ⸻ 🟩 Scenario 2 (less likely): ➡️ Breakout: • Above 1.3340 + retest ➡️ then: • move to 1.36+ BUT: • volume must be strong, otherwise a fakeout