🔄 $XRP | The market is moving... but is it moving fast enough? 💥📉📈
Current price: 3.188
Daily change: -0.62%
Despite improved market conditions and a 92% rise in XRP over 26 days, the token is still trading below the critical resistance at $3.40 — the peak recorded in January 2025.
📊 Technical Analysis
• Key resistance: $3.40
• Nearest support: $3.11
• Overall trend: Bullish, but momentum has started to slow down
⚠️ Why is this important?
Staying below resistance for too long could lead to a drying up of bullish momentum, giving bears a chance to push the price down. However, any correction or sideways movement could be an accumulation phase before a new upward wave.
🔮 Possible Scenarios
• Break above $3.40 = Launch towards new targets ($3.65 then $4.45)
• Continuing below resistance = Consolidation or correction towards $3.11 or lower, which could be an excellent buying opportunity
🧘♂️ Summary
The market is strong, but patience is key to benefiting from the next wave. If a breakout doesn't happen soon, be prepared to wait... or seize opportunities on the dip.
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