š„ XRP Coiling Up for a HUGE Breakout? Don't Miss This! š
XRP has been trading tightly, showing signs of consolidation! While it's fallen below $2.3350, a potential recovery could push it past $2.40. Is this the calm before the storm?
š The Setup:
* Tight Range: XRP is currently caught between $2.350 and the 100-hour SMA.
* Key Resistance: A negative trend line sits around $2.3620 on the hourly chart.
* Flipping Levels: The price has rebounded from $2.3157, now challenging the 50% Fib retracement.
š Upside Potential:
A clean break above $2.420 could unlock significant upside, targeting:
* $2.450
* $2.50-$2.550
* And potentially even $2.650!
š Downside Risks:
However, if XRP fails to clear $2.420, we could see a fall back towards:
* $2.3150
* $2.30 (critical support!)
* A break below $2.30 could lead to $2.220 or even $2.20.
Technical Indicators:
* Hourly MACD: Currently in the negative zone.
* Hourly RSI: Above 50, indicating some bullish momentum.
Keep a close eye on the $2.420 resistance! What's your take on XRP's next move? Let us know below! š
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