Are we on the brink of a price explosionโ€ฆ or a deep correction before the launch?

O traders...

The market is now at a very critical moment, as the currency is moving $XRP near a level that may determine the fate of the upcoming movement entirely.

The current price is around $1.53

And this area is not just a numberโ€ฆ but a battleground between buyers and sellers.

The next 72 hours could be one of the most dangerous periods in the currency's movement.

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โš”๏ธ The major decision area
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The level that major traders are watching now is:

๐Ÿ”ฅ $1.60

This level is considered a launch pad, but it may be unlikely at the moment.

If the price manages to break it and close strongly above, we may witness a rapid surge towards higher liquidity areas.

๐Ÿš€ Potential targets after the breakout:

๐ŸŽฏ $1.66 the first target

๐ŸŽฏ $1.72 the second target

๐ŸŽฏ $1.80 the third target

And in case of strong liquidity entering, we may see an attempt to reach:

๐Ÿ’Ž $1.90

And here a fierce selling battle may begin.

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โš ๏ธ Potential correction scenario
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But the market does not move in one direction...

If the price fails to break above $1.60, we may witness a temporary technical correction towards the following support areas:

๐Ÿ›ก $1.48 close support

๐Ÿ›ก $1.44 important support

๐Ÿ›ก $1.38 pivotal support

And this area is often considered a re-accumulation area before any strong new movement.

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๐Ÿ’ฅ The most dangerous scenario (in case of support break)
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If a clear break of the level occurs:

โš ๏ธ $1.38

A larger selling pressure may start, pushing the price towards:

๐Ÿ“‰ $1.30

๐Ÿ“‰ $1.20

And here the question that occupies many arises:

Can we see $1.10?

The technical answer:

Yes... but on the condition of a clear daily close below $1.28.

At that time, the price may move towards:

โฌ‡๏ธ $1.18

โฌ‡๏ธ $1.10

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๐Ÿ“… What about Thursday, March 19?
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This day could be a very important test day for the market.

The closest scenario:

๐Ÿ”น Fluctuation between $1.48 โ€“ $1.60

๐Ÿ”น Attempt to break resistance

๐Ÿ”น Or a temporary correction before the major movement

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๐Ÿ“Š Summary of the technical reading
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The market is now at a real crossroads.

๐Ÿ”‘ The level that may ignite the rise:

$1.60

๐Ÿ›ก The level that may open the door to decline:

$1.38

Breaking resistance may lead to:

๐Ÿš€ $1.72 โ€“ $1.80

As for breaking support, it may lead to:

โš ๏ธ $1.20 โ€“ $1.10

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๐Ÿ’ก The question is for you, market traders:

Is XRP preparing for a strong launch towards new levels?

Or is the market gearing up for a deep correction before the next explosion?

Share your predictions and analyses with us ๐Ÿ‘‡

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โœ๏ธ
Engineer Ali Al-Shaghmi