Current Price: $3.04 📉 (-2.87% today)
🔥 Sudden Momentum:
XRP is swinging on the edge of a crucial breakout! After a monthly decline of 11% due to inflation pressures, it shows signs of being oversold with the RSI reaching 32.9 - is this a setup for a rocket reversal or a bearish warning? ⚠️
---
📊 The Art Scene in 15 Seconds:
- Vital Resistance:
- $3.20 (Today's Peak) → $3.40 (Sell Wall) → $3.66 (Historical Peak of July) .
- Critical Support:
- $3.00 (Lifeline - Tested 3 times this week) → $2.94 (August Low) .
- Critical Indicators:
- Trading volume exploded by 30% to reach $12 billion during the dip.
- Formation of a symmetrical triangle on the weekly chart indicates an upcoming bullish breakout.
- Whale Accumulation: Buying 310 million XRP during the dip .
---
🎯 Trading Recommendations (Shortened):
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 (Ascending Target with Momentum) 🚀 .
3. Stop Loss: $2.94 (Maximum Protection) ⛔ .
> 💡 Today's Scenario:
> XRP's success in holding a price above $3.20 could trigger a rise towards $3.66 supported by an 84% ETF expectation and the end of the lawsuit with the SEC. However, breaking $3.00 threatens a drop to $2.66 .
---
❓ In Conclusion:
"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! ⚡"
