Technical Analysis XRP/USDT – April 27, 2025
General Summary: XRP has broken upward from a descending triangle on the 1D timeframe, showing signs of a positive trend change.
Key points of the analysis:
Ascending break of the descending triangle: Strength signal.
Price above major EMAs (7, 20, 25, 50, 55, 99, 100, and 200): Short and medium-term trend turning bullish.
MACD with recent bullish crossover: Supports continuation of the rise.
Immediate resistance: $2.26 – $2.30.
Relevant supports: $2.08 – $2.10 and critical at $1.97 (EMA 200).
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Possible technical strategy:
Ideal entry: On pullbacks towards $2.08 – $2.10.
Suggested stop loss: Below $1.97.
First target (TP1): $2.26 – $2.30.
Second target (TP2): Extension towards $2.90 – $3.40 if it breaks resistances.
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Final notes: The technical structure favors bullish movements as long as the price remains above $1.97.
It is recommended to monitor the reaction in the $2.26 – $2.30 zone, where selling pressure may emerge.
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