🔥🔥 XRP BULLISH OR BEARISH ALL YOU HAVE TO KNOW 🔥🔥

Looking at a day chart, I see the following observations:

1. Bullish Momentum Previously:

• There was a strong rally leading to the recent highs of 1.63.

• The price moved well above the 7-day (yellow), 25-day (pink), and 99-day (purple) moving averages, indicating strong bullish momentum during the uptrend.

2. Current Indicators:

• The price has retraced slightly after hitting the peak at 1.63.

• It is still above the 7-day moving average (currently at 1.3585), suggesting the trend is still leaning bullish but with potential consolidation or correction in play.

3. Volume and MACD:

• Volume has been decreasing compared to the rally, signaling a potential slowdown in buying pressure.

• MACD (DIF and DEA) values are still positive, but the histogram shows a reduction in bullish momentum.

4. Key Levels:

• The 1.37 price level is critical, as it’s slightly above the 7-day MA. If the price closes below it, further bearish momentum could occur, targeting the 25-day MA as support.

Conclusion: The chart is still bullish overall, given the higher highs and the price holding above key moving averages. However, there are early signs of weakening momentum, so a consolidation or short-term pullback might happen before another bullish leg, provided it doesn’t break below key support levels.