Technical Analysis $XRP updated #USCryptoWeek #Xrp🔥🔥
📊 General trend: Bullish with possible pause
XRP maintains a structure of higher lows and higher highs, although the last pullback slightly broke the EMA7 ($2.9452) and tested the EMA25 ($2.9273), from where it attempts to bounce. The EMA7 is still above the EMA25, but both are flattening, indicating a potential pause or short-term consolidation.
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📈 Key technical zones:
• Nearby support: $2.9100 – $2.9270 (EMA25 zone + base of the current pullback)
• Suggested entry zone (controlled pullback): $2.9300 – $2.9450
• Relevant resistance: $3.0300 – $3.0380 (last previous highs)
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📉 Indicators:
• RSI (6): 49.18 → Neutral zone, no clear signals of overbought or oversold.
• MACD: In negative crossover, with weak histogram → could anticipate bearish pressure if it extends.
• Volume: Decreasing after the impulse, confirming pause of the movement and need for confirmation.
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🔎 Suggested operational summary:
Wait for an orderly pullback towards the zone $2.9300 – $2.9450. If it respects the support and regains volume, a long position can be sought with targets near $3.0300 – $3.0380.
Recommended SL: below $2.9100