XRP at a Crossroads: Are You Ready for a Rise to $2.50 or a Sudden Correction?
XRP Price: $2.40 (up +20% over the week)
- Market Cap: $140 billion (Fourth largest cryptocurrency)
Simplified Technical Analysis:
1️⃣ Short Term (1 Hour):
- Price is slightly retreating from the peak of $2.439 due to profit-taking.
- Strong support now at $2.33, and a breakout above $2.44 with increased volume could ignite a new rally.
2️⃣ Long Term (Daily):
- Breaking resistance at $2.30 was the turning point.
- New support at $2.20 enhances the chances of a rise towards $2.50 or higher.
🔴 Warning: Technical indicators (like RSI at 65) are not considered a strong buy signal, so do not put all your money into one trade.
Analysts' Opinions:
- Bullish Scenario (70% probability):
- A breakout above $2.44 will open the door to $2.50 and then $2.70.
- All moving averages are below the price – a strong confidence signal from institutions.
- Bearish Scenario (30% probability):
- Failure to hold above $2.36 could lead to a correction towards $2.20.
- Decreasing volume may indicate "fatigue" in buyers before a sell-off.
Share your opinion:
Do you think XRP will reach $2.50 this week? Write ✅ (Yes) or ❌ (No)
🔑 Remember:
- Do not invest capital you are afraid to lose.
- Trading is for the diligent, not for the gambler.
