📊 The Technical Setup
We’re currently hovering around $1.42. The 100-hourly SMA is acting as a decent floor, but the real test is whether we can flip previous resistance into solid support.
Bullish Scenario: If we can clear and hold above $1.45, the path to $1.60 looks wide open. A weekly close above $1.50 would be the ultimate "green light" for the bulls.
Bearish Scenario: If $1.40 fails to hold, expect a retest of the $1.35 zone. A deeper slide could see us touching the $1.20 level, which many analysts are calling the "cycle bottom."
🎯 Quick Targets
Immediate Resistance: $1.465
Key Support: $1.40 / $1.35
Short-term Target: $1.55 – $1.60 (if momentum holds)
The liquidity is definitely stacked to the upside—there's a massive "short squeeze" potential if we get one more piece of good news. For now, I'm watching the $1.40 level like a hawk. 🦅
Stay disciplined, set your stops, and don't chase the green candles.
#XRP #Crypto #Trading
#Altcoins #MarketUpdate
We’re currently hovering around $1.42. The 100-hourly SMA is acting as a decent floor, but the real test is whether we can flip previous resistance into solid support.
Bullish Scenario: If we can clear and hold above $1.45, the path to $1.60 looks wide open. A weekly close above $1.50 would be the ultimate "green light" for the bulls.
Bearish Scenario: If $1.40 fails to hold, expect a retest of the $1.35 zone. A deeper slide could see us touching the $1.20 level, which many analysts are calling the "cycle bottom."
🎯 Quick Targets
Immediate Resistance: $1.465
Key Support: $1.40 / $1.35
Short-term Target: $1.55 – $1.60 (if momentum holds)
The liquidity is definitely stacked to the upside—there's a massive "short squeeze" potential if we get one more piece of good news. For now, I'm watching the $1.40 level like a hawk. 🦅
Stay disciplined, set your stops, and don't chase the green candles.
#XRP #Crypto #Trading
#Altcoins #MarketUpdate