$XRP
Current Situation
• Price: $1.4657
• Trend: The price has sharply risen from around $1.00 to $1.63, followed by a pullback.
• Indicators:
• RSI: Neutral zone (~53), signaling no immediate overbought or oversold conditions.
• Moving Averages: The price is above the MA(7), MA(25), and MA(99), indicating bullish momentum.
• Volume: Strong buying volume, suggesting continued interest in XRP.
14-Day Milestones
1. Dec 7, 2024:
• Likely continuation of consolidation around $1.40-$1.50 as buyers digest the sharp rally.
• Key support: $1.30. Resistance: $1.63.
2. Dec 21, 2024:
• Breakout attempt toward $1.70 if buying volume resumes.
• If bearish: A drop to $1.25 (next major support).
3. Jan 4, 2025:
• Sustained bullish momentum could push XRP toward $1.80-$2.00.
• Bearish scenario: Extended consolidation around $1.25-$1.40.
4. Jan 31, 2025:
• Bullish Case: XRP could reach $2.00-$2.20 if the current trend holds and macro/market factors support crypto adoption.
• Bearish Case: If momentum fails, XRP may test $1.00 support.
Key Levels to Watch
• Supports: $1.30, $1.25, $1.00.
• Resistances: $1.63, $1.80, $2.00.