$XRP confirms support... Are we on the brink of a strong rise?
XRP has rebounded strongly from support levels and is now trading at $3.0662 (+5.36%). After the low recorded in the last week of July, we are now witnessing a new higher low, which enhances the likelihood of an imminent bullish breakout.
What is happening?
- The price found technical support at the EMA13 moving average.
- Losses were quickly recovered within just a few hours this week — this is a sign of buyer strength.
- Continued momentum in this manner could result in strong movements in the coming days.
A look at the forecasts:
- Short-term target: $4.4444
- Medium-term main target: $6.28
- The positive scenario remains intact as long as the price stays above the $2.90 support.
The recent correction lasted only five weeks, which is a familiar technical pattern before resuming the upward trend.
Markets are changing rapidly, but for now, XRP is showing strong signals of resuming growth.
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