The current price is tempting and the future looks promising!
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💡 Quick technical analysis (4-hour timeframe):
✅ Holding above the average! The current price at $2.2223 is slightly above the strong support level at $2.2171, indicating clear consolidation despite volatility.
✅ RSI is stable and neutral at 50.38 – no overbought or oversold conditions, which opens the door for any strong upcoming movement.
✅ MACD indicates a positive crossover is approaching! This supports the likelihood of a nearby upward surge.
✅ Moderate trading volume creates a calm environment for potential accumulation before a big move.
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🚀 Expected scenario:
Breaking resistance at $2.36 may open the way towards $2.50 then $2.60 (24-hour resistance).
In the case of a correction, strong support at $2.08 - $2.10 may form a solid base for a new breakout.
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📊 Are we facing a "double bottom" pattern?
The price has bounced twice from the same area (around $2.03), which may indicate the formation of a bullish reversal pattern. If the breakout is confirmed, the price may target areas of $2.70 and above!
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🔍 Technical indicators support optimism:
RSI is stable → There is a large room for upward movement without entering overbought.
MACD is about to cross upward → Buying momentum may ignite soon.
Trading volumes are not excessive → An opportunity for smart accumulation before a strong move.
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💬 My personal opinion:
XRP seems to be in a "calm before the storm" phase. The indicators are balanced, and the technical pattern suggests readiness for a bullish explosion if the nearby resistance is broken.
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✅ Final advice:
Don't forget to set a stop loss below $2.08.
News about the ETF and the legal filing may play a surprising role!
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📢 Do you expect XRP to break the $3.00 level this week? Share your prediction with us!
