Analysis $XRP
- The price is near the Fibonacci level 0.382 (2.2279 USDT), acting as resistance. There is a lateral consolidation structure following the recent bullish impulse.
- The MACD shows a recent bullish crossover, with the histogram marking increasing green bars, indicating an increase in positive momentum. This suggests there could be an attempt to overcome resistances in the short term.
Immediate resistances:
- 2.2279 (0.382 of Fibonacci).
- 2.3840 (level 0 of Fibonacci).
Nearby supports:
- 2.1727 (0.5 of Fibonacci).
- 2.1216 (0.618 of Fibonacci).
A critical lower support is at 1.9648 (level 1 of Fibonacci).
Possible scenarios:
- Bullish scenario: If the price exceeds and consolidates above 2.2279, the next target would be 2.3840, followed by higher levels such as 2.43 (0.236 of Fibonacci). This scenario is supported by the bullish crossover in the MACD.
- Bearish scenario: If the price fails to exceed 2.2279, it could retrace towards supports at 2.1727 or even down to 2.1216. The loss of these levels could take the price towards the lower support at 1.9648.
- Lateral consolidation: The price could oscillate between 2.1727 and 2.2279, accumulating volume before a more defined movement.