XRP at $2.21 – Rally Over or Just Getting Started?

XRP has surged to $2.21, but as momentum peaks, traders face a key question: Is the rally done, or is this just a pause before the next move?

Technical Breakdown

RSI (~74): Entering overbought territory—indicating potential for a short-term pullback.

MACD: Bullish, but showing signs of weakening momentum.

Price Action: Forming a rising wedge—typically signals a potential correction or consolidation.

Volume: Decreasing on upward candles—bullish momentum might be losing steam.

Key Levels to Watch

Resistance: $2.30 (recent high) is the next barrier. A breakout above could send XRP to $2.50.

Support: Look for $2.10 first, then $2.00, which is a key psychological level and previous breakout zone.

Smart Take for Traders

For Breakout Traders: If XRP holds above $2.21 and breaks $2.30 with strong volume, the path to $2.50 is clear. Consider entering on the breakout, with a stop at $2.10.

For Pullback Traders: A retest of $2.00–$2.05 is highly probable. If XRP finds support and volume returns, it could rally again, offering an entry near that zone.

Plan:

Look for confirmation at $2.00–$2.05 for a safer re-entry, with $2.50 as the next target if the breakout continues.

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