๐จ $XRP /USDT Testing Support: Is a Rebound or Breakdown Next? ๐จ
$XRP /USDT is trading at $3.0454, experiencing a slight decline of 2.98%. After touching a low of $3.0030, the price is attempting a recovery, signaling a potential turnaround or further weakness.
Key Levels to Watch:
Resistance: $3.12 โ A breakout above this level could open the path to $3.15 and $3.20.
Support: $3.00 โ This critical level must hold to avoid a slide toward $2.95 and $2.90.
Trade Setup:
Bullish Scenario:
Entry: Above $3.05.
Targets: $3.12, $3.15.
Stop Loss: $3.00.
Bearish Scenario:
Entry: Below $3.00.
Targets: $2.95, $2.90.
Stop Loss: $3.05.
Technical Indicators:
RSI: 65.04 โ Approaching neutral territory, hinting at indecision in market momentum.
MACD: Bullish crossover on the short-term timeframe, suggesting a potential recovery.
Market Insight:
XRP has maintained a 31.15% gain over the past 30 days, but current selling pressure could signal profit-taking. Watch volume closely for confirmation of a breakout or breakdown. Tight risk management is essential in this high-volatility phase.
Prepare for a decisive move keep a close eye on the $3.00 level!
