$XRP is showing strong bullish momentum, breaking significant resistance levels. Are we heading for $3 next? Stay sharp and trade wisely! 🔥
---
Analysis and Next Move:
1. Trend Overview:
The chart shows a clear uptrend with higher highs and higher lows.
RSI at 57.6 suggests room for further upward movement without being overbought.
2. Support and Resistance:
Immediate support: $2.16
Immediate resistance: $2.47 (24H high) and psychological resistance near $3.
3. Indicators:
MACD is slightly bullish, with DIF above DEA.
Watch for volume trends to confirm strength in price action.
4. Next Move:
Bullish Scenario: If XRP breaks and closes above $2.47, it could test $2.90 and $3.
Bearish Scenario: If XRP drops below $2.16, it might retest the $2 psychological support.
Action Plan:
Short-term traders can consider buying on dips around $2.16–$2.20 with a stop-loss below $2.
For long-term holders, this could be a time to watch for significant breakouts.