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💡 Quick technical analysis:
✅ Strong bullish rebound! After dropping to $2.1581, the price has risen back to currently trade at $2.2194, with strong movements near the highest levels in 24 hours.
✅ The indicators are encouraging! The Relative Strength Index (RSI) is at 63.55 – indicating that there is ongoing positive momentum, and there is still room for upward movement before entering overbought territory.
✅ MACD shows signs of a positive crossover! The fast line has started crossing the slow line upwards, which could ignite additional upward momentum soon.
🚀 The expected scenario:
If the price breaks the resistance level at $2.2721, we may witness a rapid ascent towards $2.3010 and then an attempt to register new highs above $2.3165!
In case of a pullback, the $2.1580 area forms a strong support for a rebound.
🔥 Is XRP preparing for a bullish explosion with the latest SEC news?!
With the positive news regarding the SEC approval, large liquidity entered the market (131 million XRP daily trading!) which enhances the chances of continued strong upward movement in the coming days.
Are you ready to ride the next wave?!
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📊 Technical pattern analysis – Is a bullish pattern forming?
🔍 Potential technical pattern:
✅ The "Ascending Triangle" pattern is forming:
Horizontal support at $2.1580
Ascending peaks indicate the market's intention to break upwards. A clear break above $2.2721 could push the price directly above $2.30 with significant acceleration in momentum.
✅ Moving averages MA(5) and MA(10) are moving positively: the crossover of the averages indicates additional support for any upcoming upward movement.
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🚨 Supportive signals from the indicators:
Moderate RSI → There is additional room for upward movement before reaching overbought conditions.
MACD is very close to a positive crossover → which could trigger a new wave of increases.
Increasing trading volumes → evidence of new investors entering and strong accumulation movements.
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🎯 Expectations for the upcoming movement:
Breaking $2.2721 with a strong close = a launch towards $2.30 and then new record levels!
Failure to break could lead to a slight pullback towards $2.16 - $2.14 before another upward attempt.
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💬 My personal opinion:
XRP shows signs of real strength – between positive news, upward momentum, and positive technical patterns, everything points to the potential for a price explosion in the coming days.
However, caution is necessary especially with the strong resistance at $2.2721 – surpassing it means opening the door for very fierce movements!
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✅ Final advice:
Use a stop loss below $2.1580 to protect capital.
Do not ignore capital management – no matter how promising the shape is, the market always has surprises.
Close monitoring over the next 24 to 48 hours is extremely important!
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📢 Do you expect XRP to rise towards $2.50 and $3.00 soon?
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