$XRP /USDT Technical Analysis: Key Levels and Insights!🔥💯

The XRP/USDT chart on a 15-minute timeframe showcases a mixed sentiment, with the price currently trading at 2.4348. The recent pullback after a strong upward move hints at a consolidation phase or a potential retest of lower support levels.

Short-Term Trading Strategy:

• Long Entry: Look for a breakout above 2.4743 (24h High) with strong volume confirmation. A close above this level could trigger a rally toward 2.50 and beyond.

• Short Entry: Enter below 2.42, targeting 2.38, provided bearish momentum intensifies. Use tight stop-losses to manage risk.

Key Observations:

• The 352% surge over 90 days underlines strong bullish momentum in the medium term, suggesting that pullbacks might be opportunities for buyers.

• A narrow trading range is visible, with support at 2.3434 (24h Low) and resistance near 2.4743. Breakouts on either side could set the next trend direction.

• Volume divergence suggests declining interest in current price action, potentially leading to a sideways move before the next major breakout.

Market Outlook:

XRP could either test its immediate support to confirm a bullish reversal or face a temporary correction if key support zones break. Watch for increased volume at critical levels for clarity on the next big move.

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