🚀 $XRP
XRP/USDT Technical Analysis – January 4, 2025
📊 Current Price: 2.4526 USDT
📈 24h High: 2.5090 USDT
📉 24h Low: 2.3975 USDT
🔄 24h Volume: 242.89M XRP
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🛠 Technical Analysis
XRP/USDT is currently trading within a consolidation phase after hitting resistance at 2.5090 USDT. The asset shows mixed signals on the shorter timeframe (15m-1h), but the overall trend points toward a potential breakout if key levels are breached.
Indicators to Note:
Bollinger Bands: Narrowing, indicating a likely volatility spike soon.
MACD: Bullish crossover on the 1D timeframe, signaling momentum build-up.
Support Levels: 2.3975 USDT (24h Low), 2.3900 USDT (major support).
Resistance Levels: 2.5090 USDT (24h High), 2.55 USDT (psychological level).
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🎯 Targets for XRP/USDT
1️⃣ Short-Term Target: 2.50 USDT
XRP needs to break above the 2.50 resistance to confirm bullish momentum.
2️⃣ Mid-Term Target: 2.70 USDT
If buying pressure persists, 2.70 aligns with Fibonacci retracement and historical resistance.
3️⃣ Long-Term Target: 3.00 USDT
A psychological level and potential milestone if XRP sustains above 2.55 with strong volume.
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💡 Key Takeaway
A breakout above 2.5090 USDT could signal further bullish movement.
If XRP fails to hold above 2.40 USDT, it may retest lower support levels.
Watch volume and macro market sentiment for confirmation before entering positions.
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