XRP Update: Resistance Approaching – Correction Incoming? 🚨

For more than a week, XRP has delivered exceptional performance. Overall, the token is up about 50%.

However, the signs of correction are becoming stronger.

Here are the details of XRP chart setup, technical indicators, trading signals and AI forecast.

1️⃣ Graphic

XRP is currently approaching a major resistance zone at 0.65. Since the token has already pumped massively, it would be surprising to see the resistance broken on the first try. On the contrary, XRP is more likely to be rejected and enter a (short) correction. If this happens, the 0.57 level should serve as the first support.

2️⃣ Technical indicators

As expected, many momentum indicators have reached oversold territories on all time frames following such a rally. This adds an additional level of caution and seconds to the above correction scenario.

3️⃣ Trading signals

On the daily chart, XRP has been printing bullish trading signals for several days. However, there are two important things to consider: 1) most signals have already reached their profit potential, and 2) the last signal (Power Scalper) is usually the last signal before a correction occurs.

4️⃣ AI Forecasts

Both Deep and Pattern AI Forecasts expect a price drop over the next 7 days. However, while Pattern Forecast expects the price to fall to $0.5, Deep AI Forecast paints a darker picture with a forecast of $0.43.

🚨 Summarized: All perspectives point towards a correction. However, since the market is generally bullish at the moment, the correction should be short-lived. #XRPGoal$XRP #ANALYSIS