๐ $XRP / USDT โ BREAKOUT PAUSED OR CONSOLIDATION FOR NEXT LEG UP?
XRP has risen steadily above $2.220, with recent price action showing a reversal of gains as it encounters offers near $2.20.
๐ Market Overview:
Price remains above $2.180 and the 100-hour SMA, indicating continued underlying bullish structure.
Hourly Chart: A bullish trend line support is forming at $2.20.
๐ Key Levels:
Resistance:
Immediate: $2.280
Next: $2.30
Strong: $2.320
If $2.320 breaks cleanly, potential targets are $2.350, $2.40, and $2.450, with $2.50 as the major psychological level.
Support:
Initial: $2.220
Key: $2.20
Below $2.20, further downside may lead to $2.150 and $2.120.
๐ Technical Indicators:
MACD: Bullish momentum weakening.
RSI (Hourly): Above 50, indicating a neutral-bullish stance.
โ ๏ธ Key Takeaway: XRP maintains its gains despite current corrections. A breakout above $2.280 and $2.320 could trigger a strong upward continuation. Failure to hold $2.20 support may lead to a deeper pullback towards $2.150โ$2.120.