XRP : Golden Ratio Support Signals the Worst May Be Over
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Support Holding Firm :
The Golden Ratio (key Fibonacci level) is acting as a critical support for XRP, indicating that the recent sell-off may have reached its low point.
Current Market Flow :
A rotation of funds from XRP into Bitcoin has been observed, with BTC recently breaking the 103k level. Despite this shift, XRP remains supported by strong buy orders.
Buy Support Levels :
$2.28 : A robust $10M buy support is stabilizing prices.
$2.16 : Additional $5M buy orders further reinforce the downside.
Resistance & Launch Pad :
$2.30 : The next critical level, likely to act as a launch pad for XRP’s next bullish leg once Bitcoin’s hype subsides.
Pro-Tip for Investors :
Watch BTC’s Movement : XRP’s trajectory may align with Bitcoin’s momentum shift.
Accumulate Strategically : Utilize the $2.28 and $2.16 zones for entry points.
Set Alerts : Breakout above $2.30 could signal a new rally phase.
Conclusion :
XRP’s strong foundational support and rotation dynamics suggest a bullish recovery is imminent. Patience and strategic positioning could yield significant rewards as the market steadies for the next move.