๐ $XRP Poised for Breakout โ Key Levels in Focus
๐ Current Price: $2.26 (-0.1% in 24H)
XRP remains stable as analysts eye a move towards $3, contingent on key resistances.
๐ Technical Insights:
โข Price must reclaim the 200-day SMA and close above $2.20โ$2.30 on daily charts.
โข 50-day SMA: $2.22 | 100-day SMA: $2.20
โข Breaking $2.36 (200-day SMA) could unlock targets above $3.
๐ Historical Context:
In Nov 2024, crossing above the 200-day SMA triggered a 430% rally, peaking at $2.90.
๐ก Analyst Views:
โข CasiTrades: Momentum is building with multiple higher lows; breakout imminent once $2.30 resistance breaks. Targets: $2.69 & $3.04.
โข Dom: XRP trades above key breakout zone $2.25 (VWAP + 160-day downtrend convergence). Momentum here could push price into the $2.40s.
๐ช XRP/BTC Bullish Divergence:
โข Broke above multimonth descending trendline (0.00002065 BTC) on July 6.
โข Daily RSI rising from 28 to 55 despite lower lows โ a classic bullish divergence indicating seller exhaustion and increasing buyer interest.
๐ฏ Outlook:
โข Mikybull Crypto: XRP/BTC needs to break 0.000022 resistance to confirm upside.
โข Breakout from current symmetrical triangle could result in 70% gains, pushing XRP beyond $3.
๐ฌ โMomentum, technical convergence, and historical patterns align for a potential major move.โ
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