XRP/USDT Analysis – Is it heading to new levels?
Current price: 2.3554
24-hour increase: +7.64%
Today's range: from 2.1863 to 2.3567
Quick overview:
The price has broken through the EMA averages (7, 25, and 99) and is trading steadily above them.
RSI = 75.48: Strong momentum approaching the overbought zone.
MACD is positive with a bullish crossover, supporting the continuation of the trend.
Trading strategy: “Momentum-driven breakout”
Entry point: Close above 2.36
First target: 2.50
Second target: 2.60
Stop loss: Close below 2.23
My expectation: Conditional rise as long as the price remains above 2.36
If it breaks 2.23, we may see a correction towards 2.07
Do you think XRP is ready for a new breakout?