$XRP โ Bouncing Back, Eyeing the Highs! ๐๐
๐ฐ Current Price: $2.3502 (+2.06%)
๐ Market Structure:
* Recovering strongly after a recent dip, showing resilience.
* Consolidating near the 24h high of $2.3593, indicating buyer interest.
* Price is holding above the MA(25) at $2.3181, which is acting as support.
๐ Trade Setup:
* Entry Zone: Currently around $2.34 - $2.36, or look for a confirmed breakout above 24h high.
* TP1: $2.40 (Psychological resistance)
* TP2: $2.45 (Next significant level)
* TP3: $2.50+ (Further upside potential if momentum holds)
* Stop Loss: $2.30 (Below MA(25) support)
โ ๏ธ Market Insight:
* Volume is present, supporting the recent rebound.
* RSI(7) is at 70.88, near overbought, suggesting strong buying, but watch for consolidation.
* XRP appears to be gaining bullish momentum after finding support from its recent pullback.
๐ก Pro Tip: Watch for a clean break and hold above the 24h high of $2.3593 on increasing volume โ that could signal the next leg up!
$XRP is showing signs of strength โ keep it on your radar!