JUST IN š | $XRP explodes above $3.24 ā Is the breakout real or just another fakeout?
$XRP just printed one of its strongest hourly candles of the week, surging past $3.20 and topping out near $3.24, its highest level on this timeframe. The price is comfortably above all key moving averages ā MAā7 at $3.18, MAā25 at $3.06, and MAā99 at $2.93 ā signaling that bulls are in full control of the short-term trend. š
Volume is pumping, with the last few green bars showing strong buy momentum, and the MAā7 is rising sharply with price riding it like a rocket. š This kind of clean structure ā steady push, minor pullback, then stronger push ā is textbook trend behavior.
But wait⦠the last candle just closed red. š¶āš«ļø
That suggests early signs of exhaustion or profit-taking after the strong rally. If price closes below MAā7 in the next couple of hours, we may see a cooldown back toward $3.15 or even $3.06. Still, as long as bulls defend $3.06ā$3.10, this is likely just a breather before another leg up.
If XRP holds above $3.18 and volume picks back up, a surge toward $3.30ā$3.35 is on the table. However, failure to maintain momentum could trigger a dip toward $3.00ā$3.06, where buyers previously stepped in.
šÆ Short-term traders: Look for pullbacks to $3.15ā$3.18 as potential entry zones with stops just below $3.06.
š Break below $3.00 with strong volume = warning sign for bulls.
š° Spot holders: Youāre in the green ā consider using trailing stops to protect gains.
š„ Do you think $XRP is headed for $3.50 next, or will it stall out again? Drop your target in the comments and letās see who nails the move! š¬š