Looking at the chart of $XRP in a 1 month (1M) timeframe, we see a "cleaning" scenario after the last rally. Here are the key points to monitor:
📊 Highlighted Technical Points:
Vital Support Zone (~$0.70): The price has established a solid historical floor. As long as we stay above, the long-term bullish structure remains intact.
The "Great Barrier" (~$2.27): This is the psychological and technical level to beat. It is the resistance that separates #XRP from seeking new all-time highs (ATH).
Moving Averages: Currently, the price is struggling with the MA(25). A monthly candle closing strongly above the moving averages would be the confirmation signal that many bulls are waiting for.
Volume: A decrease in volume is observed in the current correction, which is healthy; it indicates that selling pressure is losing strength against support levels.
💡 My Strategy:
The current price of $1.44 is in a decision zone.
Bullish Scenario: If we break the intermediate rejection zone of $1.90, the path to the ceiling of $2.27 is clear.
Accumulation Scenario: Any pullback to the green support is, for me, a low-risk, high-reward buying opportunity.
What do you all think? Will we see XRP breaking#CryptoAnalysis