$XRP ๐ฅ XRP/USDC: Whatโs Next for the Market? ๐ฅ
XRP has surged by 23.82% in the past 24 hours, reaching a local high of 2.5000. Will the bulls maintain control, or is a correction on the horizon? ๐ค
๐ Key Technical Levels:
๐ Support:
1๏ธโฃ 2.0780 โ Crucial short-term support level.
2๏ธโฃ 1.8940โ1.9000 โ Strong support on the 4-hour chart near MA(25).
3๏ธโฃ 1.8800 โ The lowest level in the last 24 hours.
๐ Resistance:
1๏ธโฃ 2.5000 โ Current local high.
โ๏ธ Technical Indicators:
โข MACD on the 15-minute chart signals potential upward momentum.
โข Moving Averages (MA) suggest that the price is trying to stay above MA(7), which could support further upside.
๐ง Summary:
If volume increases, we could see an attempt to break the 2.5000 resistance. However, a decline in momentum might bring the price back to the 2.0780 support zone.
๐ก Strategy: Keep an eye on price reactions at these critical support and resistance levels. Always set stop-losses and manage your risk!
What are your predictions? Bullish or bearish? ๐๐ป Share your thoughts in the comments below! ๐