$XRP

🚀 XRP In the past few days, XRP has been steadily supported by bulls above the 20-day moving average (2.2 USD). This signal is not simple—it indicates that bears are hesitant to act, and bulls have stabilized their position.

🔼 Bullish Perspective: The upward channel is opening up!

The 20-day moving average has started to turn upwards, and the RSI has also crossed above the midline, entering the positive zone.

These two key indicators together suggest that the path of least resistance is currently upwards, and the market is expected to continue rebounding.

In the short term, several key levels need to be closely monitored:

2.34 USD: The first small resistance level currently;

2.48 USD: The area for testing bullish strength;

2.65 USD: The real key breakout point, where market sentiment is likely to explode;

3.00 USD: Once the 2.65 USD level is broken, it is very likely to be the target for a sprint.

🔽 Bearish Perspective: Not ready to give up, preparing to fight back?

Of course, the bears are not to be underestimated:

If XRP falls below the 20-day moving average (2.2 USD), the hope for a rebound will be put on pause. The market may range between 2.00 USD and 2.34 USD, repeatedly exhausting bullish strength.

🎯 Strategy Recommendations (Short-term + Mid-term)

Short-term traders can wait for XRP to break above 2.34 USD before entering with a light position, targeting 2.48 to 2.65 USD.

Mid-term traders can wait to add positions after breaking 2.65 USD, targeting 3 USD.

If you are cautious, it is advisable to observe whether the 20-day moving average is consistently held before deciding on the entry timing.

And if you are bearish, you can try to short near 2.65 USD, but be sure to set a stop loss and avoid greed.

📢 One-sentence Summary:

XRP is heading towards a critical turning point, and the bulls have a chance! Breaking 2.65 USD is a signal to sprint towards 3 USD!