🚀 XRP jumps after news of the end of the legal battle! Will we witness a strong upward wave? 🔥
In a move that caught the attention of traders and investors, the price of XRP surged by +4.96% within 24 hours, following the announcement from Ripple's CEO about the end of the legal battle against the SEC.
💰 Current price: 2.1917 USDT
Highest price in 24 hours: 2.2010
Lowest price: 2.0671
Total volume: 241.13 million USDT
Volume of traded XRP: 112.94 million XRP
📊 Technical analysis:
🔁 Moving averages:
MA(7): 2.1890 (Price above – Bullish signal)
MA(25): 2.1410 (Average Support)
MA(99): 2.1587 (Broken upward – Strong signal)
📈 MACD Indicator:
MACD: 0.0033 (Positive)
DIF: 0.0208
DEA: 0.0175
> The fast line crosses above the slow line indicating the start of strong upward momentum.
📊 RSI Indicator:
RSI(6): 71.92 (In Overbought Zone ⚠️)
RSI(14): 66.43
RSI(24): 60.57
> Rising RSI indicates strong momentum, but caution is needed for a potential correction.
🧠 Strategic outlook:
Nearby resistance: 2.2296 (Previous high)
First support: 2.1587 (MA99)
Second support: 2.0661 (Previous low)
✅ If the price holds above 2.16, we may see a breakout towards 2.25 then 2.30.
📌 Advice for followers:
> Monitor the RSI closely!
Despite the positive momentum, the price entering the overbought area may precede a slight correction. Opportunities exist, but risk management is essential. ✨
📣 Important notes:
This data is for technical analysis only and does not represent investment advice.
Make sure to do your own research before making any trading decisions.
$$XRP