$XRP /USDT: Bullish Surge Pauses – Is the Next Move Up or Down?
$XRP is currently trading at $2.6669, marking an impressive 12.38% gain over the last 24 hours. The price recently reached a high of $2.7281, before pulling back slightly to consolidate above key support at $2.6432. The RSI sits at 48.73, reflecting balanced momentum, while the MACD shows weakening bullish signals, hinting at indecision in the market.
Trade Setup:
Entry: $2.6670
Resistance: $2.7281
Support: $2.6432
Targets:
TP1: $2.6800
TP2: $2.7000
TP3: $2.7200
Stop Loss: $2.6400
XRP's recent breakout brought significant gains, but a pause in momentum suggests traders should wait for confirmation. A push above $2.7281 could reignite bullish momentum, driving prices higher. However, failure to hold $2.6432 could lead to a short-term retracement. Traders should monitor volume and MACD signals closely for the next decisive move.