CHECK THE MARKET NOW‼️ $XRP ALMOST BREAKING THROUGH KEY RESISTANCE 😱
Is this a sign that the long-term trend is about to reverse? READ THE FOLLOWING EXPLANATION CAREFULLY:👇
🔍 Current Condition
Current price: 2.1341 USDT
Daily increase: +5.99%
24-hour volume: 977.96M XRP
24-hour high: 2.1696
24-hour low: 1.9602
Nearest support: Around 2.0262 – 2.0300
Strong resistance: 2.1696 (24-hour high)
📈 MA (Moving Averages) Indicator
MA 7: 2.1306 (price breaks above)
MA 25: 2.0489
MA 99: 2.0788
Current price has broken out above all three main MAs (7, 25, 99) → strong bullish signal for the short term.
📊 Structure and Candlestick Patterns
There has been a significant price reversal from the bottom 1.9070 to the current area (2.1341).
Price has successfully broken out above the previous consolidation area and horizontal resistance at 2.0262.
A large bullish candle has formed, but the last candle shows signs of weakness (rejection) near the resistance at 2.1696 → potential slight correction in the short term.
🎯 Potential Scalping Setup (1h)
If a correction occurs down to the area of 2.0950–2.1000 → it could be a buy entry area for short scalping.
Upper target: 2.1650 – 2.1690 (local resistance)
Stop loss: Below 2.0600 (to guard against false breakout)
📌 Preliminary Conclusion:
Short-term trend: Bullish
However, it is already close to major resistance → be cautious of a short correction.
You might wait to enter after a pullback to MA25/MA99 or confirmation of new support forming above 2.1000.
