💥 $XRP Rise: Is it in the final flat phase towards the $4 peak?

#Xrp🔥🔥 has become a focal point in the cryptocurrency markets with outstanding performance in recent weeks. Technical indicators confirm that XRP remains in a strong uptrend, while some indicators do not rule out the possibility of a short-term correction. Let's closely examine the current price action of XRP, technical indicators, and potential support and resistance levels.

🔍 Relative Strength Index (RSI): Alarm bells for overbought

The Relative Strength Index (RSI) is currently at 83.78. This level clearly indicates that XRP is in the overbought zone. This high RSI shows that XRP is rising very quickly and may see a short-term rest or sideways move. While this does not necessarily mean that the trend has ended, it suggests that momentum may be slowing down a bit.

📈 MACD: The bulls are still in control

MACD data confirms that the uptrend remains strong.

MACD line: 0.29776

Signal line: 0.19645

The continuous positive growth of the chart indicates that the market is maintaining bullish momentum without losing strength. There are no signs of weakness, suggesting a healthy and supported continuation of the uptrend.

🧭 Moving average: The friend of the trend

The price of XRP is trading above all the most important technical moving average indicators:

9-day EMA

20-day SMA

50-day SMA

All these moving averages are trending upwards and supporting XRP from below. The 200-day SMA is still significantly lower, indicating that XRP is in a very strong position in the long term.

🛡 Support levels to watch in a potential correction

For the bullish rally to continue, it is crucial for XRP to hold above certain key levels. The support areas to watch in a potential correction are:

$3.24: Nearest support, R3 level

$2.88: Old resistance, new support

$2.49: Strong support point that could limit the decline

These levels will act as important buffers that can protect investor sentiment during potential corrections.

🔁 Fibonacci retracement: Is $3.12 a crucial check point?

Analyst EGRAG CRYPTO states that holding above $3.40 will support the bullish structure. However, there is also a possibility that the price could correct to $3.12, the 0.888 Fibonacci retracement level. This area is considered a healthy "breathing zone" before the next rally.

If XRP successfully tests and defends this level, it could create a perfect foundation for a new bullish wave. However, if a bullish breakout occurs before it's tested, this will signal that the bulls have completely taken over the market.

🎯 Target: Aim for $3.75 and $4.00

XRP is currently in a very favorable technical position. As long as the price holds above $3.24, the bullish momentum could continue.

Short-term target: $3.75

Mid-term target: $4.00

If these targets are broken, XRP's next stop could be around $4.45-$4.60.

🔔 Conclusion: Strong uptrend + Healthy correction = Long-term opportunity

XRP is still in a strong uptrend based on technical indicators. However, if the RSI reaches the overbought zone, this could signal a potential sideways move or a limited correction. This correction could be viewed as an opportunity, and strong support levels suggest that XRP may maintain its bullish potential.

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