🔥🔥🔥XRP/USDT Analysis: Bullish or Bearish?🔥🔥🔥

XRP is trading at $1.37, down 2.14% in the last 24 hours. After a strong rally to $1.63, the price is consolidating. Here’s a breakdown of key levels and what to watch next.

Key Levels to Watch

1. Resistance:

• $1.63: Recent high and key resistance for a bullish continuation.

• $1.52-$1.54: A minor resistance zone to monitor.

2. Support:

• $1.35-$1.37: Critical short-term support, aligned with the 7-day MA. Holding above this keeps the bullish trend intact.

• $1.25-$1.28: A stronger support zone, near the 25-day MA, if the pullback deepens.

Technical Indicators

• Moving Averages: The price is above the 7-day, 25-day, and 99-day MAs, indicating a bullish long-term trend. However, a break below the 7-day MA could signal weakness.

• Volume: Decreasing volume suggests declining buying pressure, so watch for an increase to confirm the next move.

• MACD: Still in bullish territory, but the histogram shows fading momentum. A bearish crossover would confirm a deeper correction.

Bullish Scenario

If XRP holds above $1.35-$1.37 and gains momentum:

• Targets: $1.52-$1.54 (short-term) and $1.70-$1.75 (mid-term).

• Entry Point: Near $1.35-$1.37, if supported by volume. Alternatively, buy after a breakout above $1.63.

• Stop Loss: Below $1.28 to limit risk.

Bearish Scenario

If XRP breaks below $1.35:

• Targets: $1.25-$1.28 (short-term) and $1.00-$0.90 (if correction deepens).

• Entry Point: Consider $1.25-$1.28 for a bounce. For short trades, enter after confirmation of a bearish MACD crossover.

• Stop Loss: Above $1.40-$1.42 for bearish setups.

Final Thoughts

XRP is still bullish overall, supported by higher highs and key moving averages. However, weakening volume and MACD indicate caution. Watch $1.35-$1.37 closely. Holding this level supports a rally, while a break below may lead to further downside.

Will XRP continue its rally or pull back? Let’s discuss in the comments!