$XRP Updated Support and Resistance Levels:

Immediate Support: $2.86 – This level has recently acted as a floor, preventing further declines.

Immediate Resistance: $3.13 – A breakout above this level could signal renewed bullish momentum.

Next Resistance Target: $4.04 – Based on a horizontal channel pattern, this is a potential upside target if bullish momentum continues.

Technical Indicators:

Relative Strength Index (RSI): Currently neutral, suggesting room for movement in either direction.

Moving Averages: The 50-day moving average is trending upwards, indicating a short-term bullish trend.

Chart Patterns:

XRP is consolidating within a horizontal channel, with resistance at $3.13 and support at $2.86. A breakout above $3.13 could signal the end of the consolidation and a resumption of the bullish trend. Conversely, failure to hold key support at $2.86 increases the likelihood of testing deeper retracement levels.

Conclusion:

XRP is at a pivotal juncture, with key support at $2.86 and resistance at $3.13. Traders should monitor these levels closely, as movements beyond them could indicate the next significant trend direction.

*Please note that cryptocurrency markets are highly volatile. It's essential to conduct thorough research and consider risk management strategies before making trading decisions.*

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