$XRP price action suggests it is in a consolidation phase after a strong upward move. The immediate support at $1.5444 and resistance at $1.5588 will determine its short-term direction. A breakout above $1.5800 could lead to a retest of higher levels, while failure to hold $1.5444 may push XRP toward $1.4866.
Trading Strategy:
Bullish Scenario: Wait for a breakout above $1.5800 with high volume confirmation for long positions.
Bearish Scenario: A break below $1.5444 could signal further downside to $1.4866.
Support and Resistance Levels:
Immediate Support: $1.5444 (MA(25)).
Next Support: $1.4866 (MA(99)).
Immediate Resistance: $1.5588 (MA(7)).
Key Resistance: $1.5800 (24H high).
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