Syed_Traders_20
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🧑💻Technical Analysis🧑💻
$WCT
📊 Xrp Daily Chart:
• In spite of this week's advances, XRP is still below the 50-day Exponential Moving Average (EMA), yet holding above the 200-day EMA. The EMAs indicate a bearish short-term but bullish long-term bias.
• A break above the 50-day EMA could set the stage to retest the May 12 high at $2.6553. A break-through above $2.6553 would risk $3 and the 2025 high of $3.3999.
• To the downside, a breakdown below the 200-day EMA might see sub-$2 levels and possibly the $1.9299 support come into view.
• The 14-day Relative Strength Index (RSI) stands at 50.26, indicating XRP might rise to $2.6553 before entering overbought levels (RSI > 70).
#WalletConnect @WalletConnect
📊 Xrp Daily Chart:
• In spite of this week's advances, XRP is still below the 50-day Exponential Moving Average (EMA), yet holding above the 200-day EMA. The EMAs indicate a bearish short-term but bullish long-term bias.
• A break above the 50-day EMA could set the stage to retest the May 12 high at $2.6553. A break-through above $2.6553 would risk $3 and the 2025 high of $3.3999.
• To the downside, a breakdown below the 200-day EMA might see sub-$2 levels and possibly the $1.9299 support come into view.
• The 14-day Relative Strength Index (RSI) stands at 50.26, indicating XRP might rise to $2.6553 before entering overbought levels (RSI > 70).
#WalletConnect @WalletConnect
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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