💡 Quick technical analysis:
✅ A “W” pattern is forming! A clear bounce from the bottom of 2.1777 may indicate the beginning of a bullish reversal pattern if the breakout is confirmed soon.
✅ Low RSI = Entry opportunity? The Relative Strength Index (RSI) is at 34.60, which is in the oversold territory, indicating a potential upcoming bullish bounce.
✅ MACD indicates weakening negative momentum! The difference between the MACD and DEA lines has started to shrink, which may mean a positive crossover is near and the market is preparing for a potential rise.
📊 Gradual increase in volume! Increased trading activity with each bounce, reflecting renewed interest in the price at these levels.
$XRP
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🚀 Expected scenario:
If XRP can break resistance at 2.21 - 2.23, we might see a surge towards the recent peak at 2.26 and perhaps more momentum.
In the event of a pullback, support at 2.17 is considered a very critical point – breaking it could lead to testing lower levels like 2.14.
$XRP
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🔥 Is XRP about to take off?!
With the adoption of the stablecoin RLUSD in Dubai, confidence in the XRP ecosystem may increase – potentially pushing the price to new levels! Will you be among the first to ride the wave? 🌊
