$XRP 1. Trend: The price is currently in a phase of testing the downward trendline connecting previous peaks. The current price is 1.4509, close to the resistance line.
2. Resistance and support:
• Important resistance: 1.4667 (most recent peak) and downward trendline.
• Main support: 1.3891 and 1.2833 (most recent bottom).
3. Trading volume: The volume is rising sharply, indicating positive market momentum.
4. Analysis:
• If the price breaks through the resistance at 1.4667, it is highly likely to target higher resistance levels, such as 1.5184.
• If it does not break, the price may be rejected and return to the support area near 1.3891.
Strategy:
• Long: If the price clearly breaks 1.4667 with high volume.
• Short: If the price is rejected at the downward trendline.
Need to monitor for confirmation signals to minimize risk!