Can #XRP break above key resistance and push toward $4 soon❓Will whales accumulate if #XRP dips to $1.7, fueling the next rally❓Will XRP drop to $2 or even $1.7 before the next bull run❓$XRP /USDT: Navigating a Tight Consolidation Zone..... $XRP is trading at $2.3280, showing a slight recovery from the intraday low of $2.2772. The price action suggests XRP is consolidating within a narrow range, with bulls attempting to regain control.
XRP
2.3378
-4.64%
Key Levels to Watch
Resistance: $2.3500 – A breakout here may pave the way toward $2.4000 and $2.4699.
Support: $2.2770 – A breakdown below this level could lead to further declines toward $2.2000 or lower.
Trade Setup
1. Long Entry: Above $2.3500, targeting $2.4000 and $2.4699, with a stop loss at $2.3100.
2. Short Entry: Below $2.2770, targeting $2.2000 and $2.1500, with a stop loss at $2.3000.
Market Insight
The MACD shows early signs of bullish divergence, while the SAR reflects a gradual shift in momentum. Volume remains steady, indicating the potential for an imminent move. Traders should keep a close watch on breakout levels.
