XRP Recovery Stalls at Key MA(99) Resistance
1. š Massive Crash: Price suffered an extreme drop from \approx $3.09 down to $1.2543 š„.
2. ā¬ļø Recovery Bounce: XRP is currently recovering, up +3.66% and trading at $2.5984 šŖ.
3. š¢ Short-Term Bullish: Price is above the MA(7) and MA(25) š, confirming short-term upside.
4. š Major Resistance: The price remains below the critical MA(99) at $2.8335 š§±.
5. š MACD Crossover: Confirmed Bullish Crossover on the MACD, signaling a shift in momentum š.
6. ā Immediate Support: Holding the ground just above the MA(25) at approx $2.5785 š”ļø.
7. āļø Neutral Mid-Term: Longer-term RSI(24) is still below 50 (at 45.32), indicating caution/neutral sentiment š§.
8. š High Volatility: The crash and subsequent bounce were both driven by massive trading volume šŖļø.
9. šÆ Next Target: Bulls must break the $2.8335 MA(99) resistance to confirm a full trend reversal š.
10. š V-Shaped Action: The price movement is a sharp "V," suggesting strong buyer interest at the low.
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