đ $XRP /USDT Technical Analysis | Current Price: $2.3829 đ»
$XRP is facing downward pressure, currently trading at $2.38 with a daily decline of -2.04%. Price action is showing signs of weakness, but key levels could dictate the next move for traders.
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Key Observations đ
24h High: $2.4730 â Key resistance to watch for a bullish breakout.
24h Low: $2.3677 â A strong immediate support zone.
Trend: XRP remains bearish short-term but holds impressive long-term gains of +310.65% over 90 days.
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Targets to Watch đŻ
1ïžâŁ Target 1: $2.4000
A short-term rebound to $2.40 could signal a recovery attempt and test minor resistance.
2ïžâŁ Target 2: $2.4400
If bulls gain control, the price may push toward $2.44, aligning with recent rejection levels.
3ïžâŁ Target 3: $2.4700
A break above the 24h high of $2.4730 will confirm strength and could trigger further upside momentum.
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Technical Outlook đ
Short-Term Bias: Bearish unless XRP reclaims $2.40 with buying volume.
Support Levels: Immediate support lies at $2.3670; breaking below this may lead to further declines.
Breakout Signal: Watch for a strong move above $2.4400 to confirm a potential trend reversal.
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Conclusion đĄ
XRP/USDT is trading near key support with upside targets at $2.40, $2.44, and $2.47. Traders should monitor price action closely at these levels for signals of recovery or further downside.
đ Will XRP bounce back to challenge the highs? Stay tuned!
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