Current price: $3.10 📉 (-1.11% today)
24-hour trading volume: $6.41 billion
🔥 Sudden momentum:
XRP is teetering on the edge of a knife! After an 11% monthly decline due to US inflation pressures, excessive selling signals are now appearing with the RSI reaching 32.9 - is this a setup for a rocket reversal or a bearish warning? ⚠️
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📊 Technical outlook in 15 seconds:
- Vital resistance:
- $3.20 (today's peak) → $3.40 (selling wall) → $3.66 (July peak)
- Critical support:
- $3.00 (lifeline - tested 3 times this week) → $2.94 (August low)
- Critical indicators:
- Trading volume exploded 30% to reach $12 billion during the drop
- Symmetrical triangle formation on the weekly chart indicates an imminent bullish breakout
- Whale accumulation: Buying 310 million XRP during the dip
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🎯 Today's trading recommendations (condensed):
1. Smart entry points:
- Buy at: $3.00 (historical support) or break $3.20 with an hourly close above it ✅
2. Profit targets:
- Level 1: $3.40 (quick profit taking) 💰
- Level 2: $3.66 → $4.00 (upward target with momentum) 🚀
3. Stop loss: $2.94 (maximum protection) ⛔
> 💡 Today's scenario:
> XRP's success in maintaining a price above $3.20 may trigger a rise towards $3.66 supported by an 84% ETF forecast and the conclusion of the lawsuit with the SEC. However, breaking below $3.00 threatens a drop to $2.66.
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❓:
"In your opinion: Does XRP's resilience at $3.00 today hide a setup for a shocking reversal or a bearish trap before breaking support? Share your predictions! ⚡"
