$XRP $XRP

$XRP /USDT Analysis:

Current Price: $0.7967 (+14.34%), showing recent bullish momentum.

Moving Averages (MA):

MA(7): $0.7588 – The current price is above this, confirming short-term bullish pressure.

MA(25): $0.6806 and MA(99): $0.5690 – XRP is trending above both, signaling strength and an ongoing upward trend over the medium and long term.

Resistance Levels:

Primary Resistance: $0.8473 (24-hour high), where selling pressure could increase.

Secondary Resistance: $0.8626, which represents a higher resistance level if the price pushes past $0.8473.

Entry Level for Short Position: Potential short entry around $0.84–$0.85 if the price reaches this resistance area and shows signs of slowing.

Stop-Loss: Place at $0.87 to limit risk in case of a breakout above resistance.

Take-Profit Targets:

First Target: $0.75 (near MA(7)), which may act as initial support in case of a pullback.

Second Target: $0.68 (around MA(25)), representing a more significant support level if a deeper retracement occurs.

Summary (Short Post):

XRP/USDT faces resistance at $0.8473. A short entry around $0.84–$0.85 with a stop-loss at $0.87 could target pullbacks to $0.75 and $0.68 if momentum weakens.

Further Explanation of Next Move

XRP is in an uptrend but approaching key resistance levels. If it fails to break above $0.8473, it may reverse, leading to a pullback toward $0.75 or possibly $0.68, especially if broader market sentiment turns cautious. Conversely, a breakout above $0.8626 could invalidate the short position, signaling continued bullish momentum.

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