🚨 $XRP /USDT ALERT: SHARP PULLBACK AFTER RECENT SPIKE – IS A BOUNCE COMING? 🚨
XRP/USDT hit a 24-hour high of $2.6580 before retracing to its current price of $2.4753, marking a 3.67% decline. The recent spike and pullback signal a possible consolidation phase, with critical resistance and support levels shaping the next move.
Key Levels to Watch:
Immediate Resistance: $2.5875 – A push above this could reclaim bullish momentum.
Strong Support: $2.4487 – Holding this level is crucial to prevent further decline.
🚀 Upward Targets:
1. Target 1: $2.5875
2. Target 2: $2.6580
3. Target 3: $2.7281
⚠️ Caution: Failure to hold $2.4487 could lead to a slide toward $2.4246. Traders should monitor volume and price action closely for confirmation of a breakout or reversal. Stay cautious and manage risk effectively.