$XRP /USDT: Technical Analysis and Targets 馃幆
The market momentum for XRP shows bearish pressure, but a potential reversal is on the radar for smart traders. Let's dive into the technicals and explore three potential price targets:
Key Levels & Observations
馃搲 Current Price: $2.3562 (-6.50%)
馃搳 24H High: $2.5917 | 24H Low: $2.1736
The Parabolic SAR indicator (SAR: $2.3849) suggests that XRP is testing resistance, and a breakout could create profitable opportunities.
Targets for XRP/USDT
馃幆 Target 1: $2.55
A short-term recovery level. If XRP sustains above $2.40 and volume increases, this is achievable.
Strategy: Watch the 4H chart for bullish candlesticks before entering.
馃幆 Target 2: $2.75
This mid-level resistance aligns with a possible EMA crossover. Positive news from the community could drive momentum here.
Strategy: Enter once $2.55 breaks with strong buy volume.
馃幆 Target 3: $3.00
A long-term resistance level. XRP could reach this zone with market-wide bullish sentiment and strong Layer 1 adoption.
Strategy: Hold positions after $2.75 while monitoring the RSI for overbought signals.
Pro-Tip for Traders
Stay cautious of the $2.17 support level, as breaking below may invalidate these targets.
Monitor trading volume (currently $1.97B USDT) for signs of strength.
