Latest updates on Ripple (XRP)
Current price: around $3.11
The overall trend is strongly bullish (weekly +78.54%, monthly +403.57%), with momentum supported by a breakout resistance at $3.00-$3.40.
Support levels:
$3.20-$3.30 (immediate support).
$2.90-$3.00 (secondary support).
Resistance levels:
$3.40-$3.50 near-term target
$4.00-$4.50 medium-term target
Technical indicators:
Moving averages: MA5 and MA10 show mixed short-term signals, but MA50 and MA200 support the upward trend.
RSI: at 80-88 (overbought) indicates a potential correction of 10-20% if it drops to 50-60.
Trading volume: high, supports the upward momentum.
Forecast: continuation of the upward trend with a potential short-term correction to $3.00-$3.20 before resuming the rise towards $3.50-$4.00.
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