๐ Current situation: at a critical crossroads
XRP has reached the critical weekly support level at $2.280, which we mentioned earlier.
The strength of this support's resilience reaches 97% according to our precise analyses, making the chances of breaking it very slim.
However, we must not overlook that there is only a 3% chance of breaking it, and here lies the danger of the market that does not recognize the impossible.
๐ฅ Expected scenarios:
1๏ธโฃ The bullish scenario (optimal and hoped for) ๐
If the support at $2.280 holds, we expect:
A strong accelerating rise towards $2.89 followed by $3.20, especially if supported by a Bitcoin surge.
Additional upward momentum if the BTC price approaches the $118,000 level before the correction.
2๏ธโฃ The bearish scenario (warning) ๐ฉธ
If the support at $2.280 collapses, the price may witness:
A sharp decline towards levels of $2.06 then $1.65.
The next 36 hours represent a turning point, as closing the weekly candle below support is a real warning of danger.
Traders using leverage are at high risk, and extreme caution is advised.
๐ Bitcoin movements and their direct impact:
Bitcoin (BTC) at a critical point:
The most likely scenario is a downward correction to test levels of $101,000 โ $102,000.
The least likely scenario is a sudden strong rise to $118,000 before a correction.
The fundamental question:
Will XRP follow Bitcoin's downward movement?
Or will it establish its foothold as it did before, moving sideways during Bitcoin's rise?
๐ฏ Summary of the golden resilience strategy:
The stability of support at $2.280 is the essential condition for a potential strong rise.
Breaking support means a strong decline is possible, with great caution regarding leverage.
The next 36 hours are key to the decision, so let's closely monitor the markets.
๐ข Financial maestro's recommendation:
> "In the world of financial markets, the market is like a harsh jungle; either you are the smart hunter seizing opportunities or you are the prey consumed by risks.
Conscious trading and strict risk management are key to your resilience and success."
โก Share your analyses and predictions with us, which scenarios do you see as the closest to realization? โก
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