$XRP /USDT Technical Analysis & Trade Signal: Navigating the Short-Term Pullback!
🚨 Current Price: $2.2775
🔍 Trend: Bearish (Short-Term)
As XRP/USDT faces resistance near $2.4683, the price is showing signs of a potential pullback. Here's the breakdown:
Key Levels to Watch:
Support Level 1: $2.2572 (24h Low)
Resistance Level 1: $2.4683 (24h High)
Momentum Indicators:
RSI: Neutral (50) – No clear momentum yet.
Moving Averages: Short-term bearish crossover indicates selling pressure.
Trade Signal:
Trend: Bearish (Short-Term)
Entry: Consider entering short if the price breaks below $2.2572, confirming further downward momentum.
Target Levels 🎯:
1. Target 1: $2.20 – First support zone, watch for potential reversal.
2. Target 2: $2.15 – Extended downside target, potential buying interest.
3. Target 3: $2.05 – Strong support area, likely price consolidation.
Stop Loss: Place above $2.47 (Resistance Level) for risk management.
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