🚨 $XRP Ready for a Quick Push: Breakout or Reversal? 🚨

XRP

2.5417

+2.83%

$XRP is currently trading at $2.5763, showing signs of recovery from the recent low of $2.5228. The price is approaching a crucial resistance at $2.6263, which could lead to a short-term breakout if buyers maintain the momentum. Traders watching for entries should consider positioning themselves around $2.5700 – 2.5800 to play it safe. Short-term targets are set at $2.6000, followed immediately by $2.6263 and an extension to $2.6400. However, any dip below the key support at $2.5500 could negate this move, with a stop loss recommended at $2.5400.

With the RSI at 54, XRP has room to run higher, supported by early signs of a bullish crossover on the MACD. Traders should remain cautious but ready, as XRP shows potential for a controlled breakout in the coming sessions.