Latest analysis of XRP
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Here is the latest analysis for $XRP . Is the upward movement the stronger scenario?
Current price and current trend:
The current price of XRP is $2.8960 after a correction from the peak of $3.66. Despite the downward break of the $3.00 level, the price has stabilized above $2.85, indicating strong support and absorption of selling pressure.
Supports and resistances
- Main support: $2.85 - $2.89 (a base formed after the correction).
- Secondary support: $2.77 (July low).
- Near resistance: $3.05 - $3.10.
- Critical resistance: $3.33 (breaking this would restore upward momentum).
Technical analysis signals
- A bullish flag pattern has formed on the daily chart.
- Breaking the $3.00 level without a daily close below it is considered "false signaling," a common tactic before an upward movement.
- Volume during the correction has decreased, suggesting that selling has lost momentum.
Upward or downward?
- The upward movement has the advantage if $3.10 is broken with high volume.
- A downward movement is possible only if $2.85 is broken and a daily close occurs below it.
- The lawsuit against the SEC and the discussions around the possibility of an ETF are fundamental drivers for buying.
The strongest scenario currently is a recovery towards $3.33 then $3.66, provided that $2.85 is maintained as support. All market indicators suggest that XRP still carries latent momentum, just waiting for the spark to ignite.
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Anyone who has a coin and needs a detailed analysis, please put it in the comments and let us know.
#XRPUSDT🚨
$XRP
#ETH
$ETH
#SOL
#TRUMP
Here is the latest analysis for $XRP . Is the upward movement the stronger scenario?
Current price and current trend:
The current price of XRP is $2.8960 after a correction from the peak of $3.66. Despite the downward break of the $3.00 level, the price has stabilized above $2.85, indicating strong support and absorption of selling pressure.
Supports and resistances
- Main support: $2.85 - $2.89 (a base formed after the correction).
- Secondary support: $2.77 (July low).
- Near resistance: $3.05 - $3.10.
- Critical resistance: $3.33 (breaking this would restore upward momentum).
Technical analysis signals
- A bullish flag pattern has formed on the daily chart.
- Breaking the $3.00 level without a daily close below it is considered "false signaling," a common tactic before an upward movement.
- Volume during the correction has decreased, suggesting that selling has lost momentum.
Upward or downward?
- The upward movement has the advantage if $3.10 is broken with high volume.
- A downward movement is possible only if $2.85 is broken and a daily close occurs below it.
- The lawsuit against the SEC and the discussions around the possibility of an ETF are fundamental drivers for buying.
The strongest scenario currently is a recovery towards $3.33 then $3.66, provided that $2.85 is maintained as support. All market indicators suggest that XRP still carries latent momentum, just waiting for the spark to ignite.
Follow us and share your opinions.
Anyone who has a coin and needs a detailed analysis, please put it in the comments and let us know.
#XRPUSDT🚨
$XRP
#ETH
$ETH
#SOL
#TRUMP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
2.7876
-5.63%