$XRP is showing a bullish momentum in the short term, with strong buying interest pushing the price up. The current level near $0.7966 is close to a key resistance at $0.8074. If XRP breaks above this resistance with good volume, it could aim for higher levels. However, if it fails to break this level, we might see some consolidation or a pullback towards the $0.7629 support.
Trading Strategy:
Bullish Strategy: Enter if XRP breaks above $0.8074 with strong volume, targeting the next resistance level.
Bearish Strategy: If resistance holds, consider waiting for a potential retracement to the support level around $0.7629 for a buy opportunity.
Support and Resistance Levels
Immediate Support: Around $0.7629, which aligns with recent lows on the chart and the MA(99) level.
Key Resistance: $0.8074, which is close to the recent peak and may act as a short-term hurdle for further gains.
