Ripple Price Analysis ($XRP ) – Bullish Opportunity but Caution is Required
🔹 General Overview:
The currency $XRP is experiencing a price consolidation after a strong rise in the summer, currently trading near $3.10 with strong resistance at $3.40. The overall trend remains bullish in the medium term.
✅ On the XRP/USDT Pair:
First Support: $2.80 – Breaking this could open the way towards $2.40.
Most Important Resistance: $3.40 – Breaking this could push the price towards $4.00.
The 100 and 200-day moving averages have been in a bullish crossover since $2.45.
RSI Indicator at 50 → Weak momentum in the short term.
✅ On the XRP/BTC Pair:
The price is currently near 2600 Satoshis after a rebound from resistance at 3000 Satoshis.
Main Support: 2400 Satoshis – Staying above this is important for maintaining the bullish trend.
The next resistance after 3000 Satoshis is 3400 Satoshis.
📌 Summary:
As long as the price is above $2.80 and 2400 Satoshis, the outlook is positive.
Losing these levels could change the picture to temporarily bearish.
A good opportunity for tracking, but patience is required until breaking the major resistance.
#MarketTurbulence #CPIWatch #HotJulyPPI #REVABinanceTGE #DeFiGetsGraded