๐จ XRP: Pullback or Breakout Setup? My 48-Hour Outlook ๐
Hereโs what Iโm watching in the short-term $XRP market over the next two days:$XRP
๐ XRP 48-Hour Forecast
Based on current projections, XRP may dip ~3.03% โ from $2.88 to around $2.78.
๐ My Read on the Situation
โข Short-Term Trend: Likely a mild pullback โ classic consolidation or profit-taking.
โข Support Zone: Watching $2.75โ$2.80 closely. A break below could cool momentum further.
โข Resistance Zone: $2.90โ$3.00 is key. Bulls need to reclaim this area for any breakout attempt.
Iโm also tracking:
โข Volume changes
โข Macro catalysts (Fed news, crypto policy updates)
โข Sentiment shifts โ surprises can flip the script fast.
โก Upside Potential Still in Play
While this week seems quiet, the setup could shift quickly:
โข Breakout Trigger: A move above $3.00โ$3.10 may spark aggressive buying.
โข Whale Watch: ~$25M in fresh long positions opened in late July โ likely in anticipation of U.S. policy moves.
โข Analyst Targets: Some mid-term price targets sit between $5โ$6, with bullish long-term projections eyeing $15+.
๐ฏ Final Take
Short-term weakness doesnโt invalidate the bigger picture.
To me, this is just another setup in the making โ and Iโm staying nimble.
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$XRP