XRP/USDT Analysis: Is the Bull Run Over or Just Taking a Breather?

XRP has been on fire, rallying over 357% in the last 30 days and reaching a recent high of $2.9092. However, the current price of $2.3266 marks an 8.52% dip in the past 24 hours, suggesting a much-needed pullback after its explosive growth.

Key Levels to Watch:

Support: $2.2800 – This level has proven to hold against recent selling pressure. If buyers step in here, XRP could bounce back strongly.

Resistance: $2.9092 – Breaking this level could unleash another rally, pushing XRP into uncharted territory.

Entry Strategy:

For Bulls: Look for a reversal near $2.28 support. A strong bounce could present a golden entry for a retest of $2.90 and beyond.

For Bears: Watch for a breakdown below $2.28. If it fails to hold, XRP could drop to the $1.89 region, presenting a short opportunity.

With high 24-hour trading volumes and extreme volatility, XRP remains a trader's paradise. Will this pullback ignite the next leg up or signal further correction? Stay sharp and watch those levels closely! 📊💰$XRP $BTC $ETH