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Technical Analysis of XRP/USDT – Are We Facing an Uptrend?
The price of XRP increased today by +1.33% to reach 3.0027 USDT, forming a clear double bottom pattern on the hourly chart, which is one of the reversal patterns that often paves the way for a strong upcoming rise.
🔹 Supporting Technical Signals for the Uptrend:
Positive crossover on the MACD indicator with a gradual increase in momentum.
The KDJ indicator indicates ongoing buying momentum (J = 91.45).
The OBV indicator records a strong influx of liquidity.
The W%R indicator is approaching overbought territory, reinforcing the likelihood of continued positive movement in the near term.
📈 Upcoming Resistance Targets:
3.05 USDT (If broken, we may see a target of 3.10+ soon)
🛡️ Nearest Support: 2.9355 USDT
💡 Trading Advice: Watch the 3.05 level closely; a strong close above it may open the door for a short-term upward wave.
🚨 Reminder: Trading is a personal responsibility, and good capital management is the foundation of success.
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