๐ XRP Market Update: Is $2.90 Within Reach?
XRP is riding a bullish wave! ๐ Currently trading between $2.36-$2.40, with a market cap of $137B and a trading volume of $9.65B, XRP's charts are signaling exciting possibilities. ๐
Key Highlights:
1. ๐ Short-Term Trends:
XRP is forming higher highs and higher lows since Jan. 1, starting at $2.09.
Resistance at $2.45 is within striking distance, with support holding at $2.4.
2. โณ Medium-Term Insights:
A V-shaped recovery from $1.995 on Dec. 30 to $2.40 shows resilience.
Breaking past $2.45 could push it to $2.5 or higher, while support zones are at $2.2 and $2.3.
3. ๐ Long-Term Momentum:
The breakout above $2.3 has sparked a strong uptrend with potential to hit $2.9, though caution is advised at this resistance.
4. ๐ Mixed Signals from Indicators:
RSI: Neutral at 59.75.
MACD: Negative at 0.04772, signaling short-term resistance.
pMoving averages like the 10-day EMA at $2.23 and 100-day EMA at $1.52 stay bullish, supporting further gains.
With all eyes on $2.9, XRP traders should watch key levels for the next breakout! ๐
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