$XRP strong upward trend is supported by rising moving averages and a significant increase in trading volume.
The breakout above $2.40 (prior resistance) has propelled the price into higher levels, indicating a continuation of the bullish trend.
Bullish Outlook: The current trend and technical indicators favor a continuation of the upward movement. Traders could target $2.75 and potentially $3.00, provided the momentum sustains.
Risk Factors: With RSI in the overbought zone, caution is advised as a short-term correction could bring the price back to test the $2.50 support level.
Support and Resistance Levels:
Immediate Support: $2.5357 (recent consolidation zone).
Resistance Levels:
$2.7518 (current 24H high).
$2.90 (psychological resistance, based on the trend).
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