📈 $XRP

XRP/USDT Technical Analysis – December 24, 2024

Current Price: 2.3321 USDT

Market Highlights:

24h High: 2.3507

24h Low: 2.2138

24h Volume: 584.47M USDT

Price Change: +3.63%

Technical Indicators:

MA(7): 2.3220 (Short-term bullish momentum)

MA(25): 2.2764 (Support level indicating steady growth)

MA(99): 2.2460 (Long-term upward trend still intact)

Key Resistance and Support Levels:

1. First Target 🎯 – 2.3600

This aligns with the immediate resistance. A breakout above could indicate strong buyer sentiment.

2. Second Target 🎯 – 2.4000

Mid-term resistance zone. Achieving this would confirm sustained bullish activity.

3. Third Target 🎯 – 2.4500

A long-term bullish target. This could indicate a potential new high if volumes remain strong.

Support Levels:

Immediate Support: 2.3000

Strong Support: 2.2460 (MA 99)

Conclusion:

XRP is showing bullish momentum supported by strong trading volumes. Traders should watch for a breakout above 2.3600 for confirmation of an upward move. Setting stop losses below 2.3000 can help manage risks in case of a pullback.

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