$XRP /USDT Technical Update - Consolidating Below Resistance

Current Price: $2.3075 (+0.37%)

Key Highlights:

24H High: $2.3385

24H Low: $2.2351

Volume: 252.30M XRP

Technical Overview:

$XRP/USDT is attempting to hold gains above the 25 EMA ($2.3030) and 7 EMA ($2.3081). However, it faces resistance near the 99 EMA ($2.3284), which aligns with recent price rejection at $2.3385.

Support Levels: $2.2900 | $2.2500

Resistance Levels: $2.3300 | $2.3500

What’s Next?

If $XRP can hold above $2.3000 and break $2.3300, it may target $2.3500. A failure to sustain above $2.3000 could lead to a retest of $2.2900 or lower.

Strategy:

Consider entries near $2.3000-$2.3100 with targets at $2.3300 and $2.3500. Use a stop-loss at $2.2800 to manage downside risk.

Observation:

XRP's consolidation near resistance indicates caution among buyers. A breakout above $2.3300 with volume will confirm bullish momentum.

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