📊 1. Key market indicators
- Current price: $XRP
- $2.377 (up 3.16% in 24 hours).
- Daily range: $2.29 - $2.40.
- Market cap: $140.68 billion (ranked 4th globally).
- Trading volume (24h): ~$3.5 billion.
- Trading supply: 59.07 billion XRP out of a maximum supply of 100 billion.
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📉 2. Support and resistance levels
- Immediate support: $2.30 (50-day average).
- Strong resistance: $2.40 (today's high).
- Bearish scenario: If support at $2.30 is broken, the price may drop to $1.94 ("double top" pattern).
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💡 Trading recommendations
- Day traders:
- Buy at $2.35 with a stop loss at $2.28.
- Partial sale at $2.40, targeting $2.50.
- Long-term investors:
- Anticipation for ETF news or improvement in fundamental indicators.
- Strong support at $1.90 is an accumulation opportunity.
> Note: 73% of retail traders lose due to leverage - avoid high-risk trading.
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Summary
XRP shows positive momentum today supported by high trading volume, but legal volatility and chart patterns warn of a nearby correction. Trading above $2.40 may open the door for a stronger rise, while breaking $2.30 reinforces the bearish trend. It is recommended to follow SEC news and "whale" trading volume.$XRP
