$XRP
XRP's recent breakthrough of the $2.50 level is indeed a significant development, and the indicators you've mentioned paint a compelling picture. Let's break it down ¹ ²:
- *Strong Bullish Control*: XRP's price action riding above major EMAs (7, 25, and 99) on the 1H chart signals strong bullish control. This, combined with surged volume on the breakout, confirms trader conviction.
- *Overbought Territory*: With an RSI of 73.6, short-term consolidation is possible. However, the trend remains firmly upward, suggesting that any dips might be buying opportunities.
- *Bullish MACD*: The MACD is still bullish with room to run, indicating potential for further upside.
Given these indicators, a run toward $3.00 is plausible. According to CoinCodex's XRP price prediction, the coin could reach $3.75 by 2029, representing a 55.25% gain from current prices. However, in the short term, predictions suggest a potential dip to $1.861331 by June 9, 2025 ¹.
*Current Price*: XRP's current price is $2.41, with a market cap of $136.78 billion.
*Key Price Levels to Watch*:
- *Support*: $2.32 (recent low)
- *Resistance*: $2.50 (recent breakthrough level)
- *Potential Target*: $3.00
Keep an eye on these levels and adjust your strategy accordingly.