$XRP

/USDT Technical Analysis and Trade Signal

Trend Overview

Momentum: Bullish (short-term)

Support Level: $2.28

Resistance Levels: $2.47 (24h High)

Indicators:

RSI: Approaching overbought (around 70) – indicating strong buying pressure.

Moving Averages (MA):

Short-term MA (10): Above $2.40 (positive signal).

Long-term MA (50): Trending upwards.

MACD: Bullish crossover confirmed.

Trade Signal:

Recommendation: BUY on dips above $2.35 with a tight stop-loss at $2.28.

Targets 🎯:

1. Target 1: $2.50 (near-term resistance)

2. Target 2: $2.62 (medium-term breakout level)

3. Target 3: $2.80 (long-term bullish target)

Momentum:

Current Strength: Strong buying activity with a potential breakout above $2.47.

Caution: Monitor volume; a decrease may signal consolidation.

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