$XRP | Current Price: $2.4238 (+1.72%)
XRPUSDT Perp: $2.4242 (+2.02%)
Hereās your latest XRP update, highlighting critical levels and price action to track:
XRP has been struggling to break above the upper green trendline of its triangle pattern. If this resistance holds, we could see a pullback towards the lower green trendline for support. This support zone is between $2.00 and $2.20, where buying pressure could re-enter.
However, a breakout above the upper trendline and flipping it into support could trigger a surge, with $2.90 as the first major target.
š Key Factors to Watch:
BTCās Impact: The next move in XRP is heavily tied to Bitcoin's short-term price action. If BTC continues to hold above $100K, XRP has a strong chance to break out. But if BTC faces rejection, expect XRP to test its lower trendline support.
š Action Plan:
For Bullish Sentiment: Wait for a confirmed breakout above the triangle resistance and a flip to new support.
For Bearish Scenario: Watch for a failure to break the resistance, with potential drop to the lower trendline.
Stay sharp, traders! Keep an eye on BTC and the key levels of $2.20 and $2.90 for your next moves.
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