$XRP /USDT Technical Analysis:
Recovery in Motion, Bullish Side is a Heavyweight and Pulling Back
$XRP /USDT is showing signs of recovery, trading at $2.3238 with a modest gain of 0.89% in the last 24 hours. After hitting a low of $2.2001, XRP has rebounded strongly, supported by substantial trading activity, with a total volume of 377.95 million XRP. The bounce off the key support indicates renewed buying interest, taking the price closer to the immediate resistance level of $2.3770. If this resistance is broken, XRP could potentially surge higher, targeting $2.45 and beyond in the near term.
The support zone at $2.25 remains crucial to maintain the bullish sentiment. Traders should monitor the potential for a breakout above $2.3770 as a confirmed breakout could lead to a surge in momentum. However, failure to sustain above current levels could lead to retests of lower support, presenting a mixed near-term outlook. Stay alert for volume and trend confirmations before entering positions.