Technical Analysis ‼️Brief and Quick for $XRP/USDT‼️:

📊 Current View:

$XRP price is witnessing a noticeable upward movement, with strong momentum appearing on technical indicators. The market is in a state of high activity with the possibility of continuing the upward trend in the near term.

🔍 Japanese Candlesticks:

• Long green candles indicate an increase in buyer power.

• Short lower shadows indicate a decrease in selling pressure.

📈 Technical Indicators:

1. EMA (Exponential Moving Averages):

• EMA (7) crossing above EMA (25) is a clear indication of an upward trend.

• Holding above the averages confirms the strength of the current momentum.

2. RSI (Relative Strength Index):

• RSI reaching 86 levels indicates an overbought condition, and a slight correction may follow.

• However, high levels reflect the strength of the market.

3. MACD (Trend Indicator):

• Positive rising bars on MACD show strength in price action.

• Positive crossover supports the possibility of momentum continuation.

🔗 Support and Resistance:

• Main Support: $1.42

• First Resistance: $1.69

• Next Resistance: $1.80

🛠 Recommendation:

• For speculators: Enter at corrections near $1.50 support with target of $1.70 - $1.80.

• For investors: Watch for breakout of $1.80 levels to add to positions.

📢 Advice:

Risk management is key. Do not overextend positions, and pay attention to volume to confirm the trend.