| Current price: $2.4238 (+1.72%)
XRPUSDT Perp: $2.4242 (+2.02%)
Here is your latest XRP update, highlighting critical levels and price dynamics to watch:
XRP is trying to break the upper green trendline of its triangle pattern. If this resistance level holds, we could see a pullback to the lower green trendline for support. This support zone is between $2.00 and $2.20, where buying pressure could re-emerge.
However, a break above the upper trendline and turning it into support could trigger a surge, with $2.90 as the first major target.
🔑 Key factors to watch for:
Impact $BTC
: XRP’s next move is strongly tied to Bitcoin’s short-term price action. If BTC continues to hold above $100K, XRP has a good chance of breaking out. But if BTC fails, expect XRP to test its lower trendline support.
📈 Action plan:
For bullish sentiment: Wait for a confirmed break above triangle resistance and a move to new support.
For a bearish scenario: Watch for a failure to break through resistance, with a potential drop to the lower trendline.
Watch out, traders! Keep an eye on BTC and the key levels of $2.20 and $2.90 for your next moves.
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