Price prediction of $XRP ✨💥✨
XRP has dropped from the upper resistance of USD 3, but the pullback is expected to find support at USD 2.65.
#BTCWhaleTracker If the price bounces from USD 2.65, this suggests that the bulls are trying to turn that level into support. This improves the outlook for a rally above USD 3. If that happens, the XRP/USDT pair could rise to USD 3.40. Strong selling is expected to defend the USD 3.40 level, but the rally could extend to USD 4 if the bulls persist.
This optimistic view will be invalidated in the short term if the price drops and falls below the 20-day exponential moving average (USD 2.49). That could keep the pair in a range between USD 2 and USD 3 for some time.
#BTC120kVs125kToday The pair is finding support at the 20-day exponential moving average (EMA) on the 4-hour chart. A slight negative aspect is that the relative strength index (RSI) has formed a negative divergence, indicating weakening momentum. If the price falls below the 20 EMA, the pullback could reach USD 2.65.
On the contrary, a solid bounce from the 20-day exponential moving average (EMA) suggests buying on dips. The bulls will then try to push the price above the USD 3 resistance. If they succeed, the pair could rise to USD 3.40.
What are the crucial support and resistance levels to pay attention to? Let's analyze the charts to find out.👇
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