📈 Current technical analysis of XRP (2.33 USD):
1. Resistance near US$ 2.32–2.35
XRP faces strong resistance in this range, with a breakout above this region potentially pushing the price to US$ 2.40 or even US$ 2.42 .
2. Important supports
• Short term: US$ 2.22–2.23 (recent resistance range) ().
• In decline, the next support is at US$ 2.13–2.14 ().
3. Positive technical indicators
• 100-day moving average broken and successfully retested, price between the 100 and 200-day averages ().
• Indicators on the daily chart point to “Strong Buy” (16 hopeful buys, only 1 sell) .
4. Promising chart patterns
• Bull flag breakout with support on the upper trendline, increasing accumulation volume .
• Prolonged consolidation around US$ 2.15–3.8, with narrow Bollinger Bands — a typical prelude to a strong breakout .
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🔍 Overview:
XRP exhibits a strong bullish bias if it maintains support at US$ 2.22–2.23. A confirmed breakout above US$ 2.35 could trigger new gains towards US$ 2.40 and beyond. On the other hand, losing support could dampen the movement and pull the price down to US$ 2.14.
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📖 “Commit your way to the Lord; trust in Him, and He will do the rest.”
Psalms 37:5