Technical Analysis: $XRP /USDT
Current Price: $2.2731 (+3.44%)
Timeframe: 30m Chart (Binance)
Key Technical Levels
1. Target Achieved: $2.2500 (Support Zone)
XRP has bounced from $2.2500 and is currently consolidating, indicating strength in this level.
2. Next Target (Upside): $2.3500
If momentum continues, XRP could test the resistance at $2.3500, confirming a bullish breakout.
3. Next Target (Downside): $2.2000
If XRP fails to hold above $2.2500, the next significant support lies at $2.2000, which is a critical demand zone.
Trading Strategy
Short-Term Traders:
Watch for a breakout above $2.3000 with a target of $2.3500. Book profits partially and set stop-losses near $2.2500.
Long-Term Investors:
Consider accumulating near $2.2000 for a longer-term target of $2.5000, aligning with XRP’s uptrend.
Indicators to Monitor:
MACD Crossovers near $2.3000 for momentum confirmation.
RSI Levels to avoid overbought zones near $2.3500.