💡 Quick technical analysis:
✅ Approaching strong support! XRP is now testing the $2.10 area, after a gradual decline from the $2.36 peak. This level represents important support that the price has bounced from before.
✅ RSI at 36.7 → in the oversold area, indicating a very likely upward rebound soon.
✅ MACD is negative but close to a positive crossover → the downward momentum is starting to weaken, a nearby crossover could spark a sudden upward movement!
✅ Trading volumes are stable → indicating market anticipation, the calm before the storm.
🚀 Expected scenario:
If the price rebounds from $2.10 and breaks the short-term moving average (MA 5) at $2.11, we might see a push towards the next resistance at $2.18, then $2.24.
In the event of a break below $2.07, the decline may extend to test $2.03 – which is a critical support area.
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📊 Are we witnessing the formation of a reversal pattern?
There is a possibility of a double bottom pattern forming, especially if the price rises from the current area – this is considered a strong reversal signal.
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🚨 Supporting signals from indicators:
RSI is very low → indicates a potential near-term rise.
MACD is about to cross positively → an early signal for takeoff.
The MA5 and MA10 averages are very close → breaking either could lead to a strong movement.
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🎯 Upcoming movement expectations:
Bullish breakout: If it consistently exceeds $2.18, the next target level is $2.24 then $2.30.
Temporary decline: breaking $2.07 could lead to short-term liquidation, but it may be followed by a technical rebound.
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💬 My personal opinion:
XRP is in a crucial price pressure phase. Any rebound from the current support with confirmation of a MACD crossover would be a great short-term buying opportunity.
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✅ Final advice:
Consider gradual entry at reversal signals.
Use a stop loss below $2.03 to avoid any false break.
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📢 Do you think XRP is ready for a new breakout? Or are we on the verge of a deeper decline? Share your thoughts!