XRP MAY BE READY TO EXPLODE...ANALYSIS..🚀🔥🚀
XRP is experiencing a particularly interesting phase: the current price of $3.11 reflects a continuously consolidating bullish strength, supported by high volumes and renewed confidence after the final agreement between Ripple and the SEC. Technical analysis shows that the next hurdle is in the $3.18-$3.20 and $3.33-$3.34 areas, with ambitious targets set at $3.65-$4.00.
The moving averages (EMA200/SMA50) remain bullish; the technical formation suggests a volatility compression ready to explode upwards. Indicators such as RSI are at the 58-60 threshold, in balance between strength and potential acceleration.
Recommended operational levels for a trading strategy:
Entry: $3.11-$3.13 (current levels).
Take Profit: $3.36 (first TP), $3.55-$3.65 (second TP), 4.00$ (third TP, aggressive).
Stop Loss: $2.84-$2.80 (medium-term support).
Supports and Resistances:
Supports: $3.12- $2.84-$2.80
Resistances: $3.20-$3.22, $3.33-$3.36, $3.65-$4.00
With these technical signals, XRP could explode at any moment, aided by the accumulation of institutional wallets and the favorable regulatory scenario.
Volatility remains high and requires attention. I advise you to never enter a position with all the capital you wish to invest so that you can better manage the position in case of sudden retracements.
Please always operate with low leverage and always set the stop loss.
