Technical Analysis for XRP/USDT – Key Entry Levels and Market Structure
Market Overview
XRP is showing a strong rebound after a previous decline, currently trading around the 2.18 USDT resistance zone. This level represents a significant barrier, and indicators suggest that a short-term correction may occur before any continuation to the upside.
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Technical Indicators
RSI
The RSI is at 75, which places XRP in an overbought zone. This increases the probability of a pullback or consolidation phase.
MACD
The MACD shows an early bullish crossover. Momentum is present but not yet strong or stable, indicating that the market may need additional confirmation before a sustained move upward.
Volume
Buying volume increased during the recent upward movement. However, it has started to decline slightly as the price approaches resistance, signaling potential weakening bullish pressure.
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Key Support and Resistance Levels
Resistance Levels
2.18 – 2.20 (current major resistance)
2.25
2.35
2.41
Support Levels
2.09
1.95
1.82 (previous strong rebound level)
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Optimal Entry Points
Primary Entry Zone: 2.06 – 2.10
This zone represents a strong support area where a corrective move is likely to find buyers. It aligns with RSI normalization and structural support.
Secondary Entry Zone: 1.95 – 2.00
A safer entry area for medium- or long-term trades. This level has shown strong historical support.
Breakout Entry
A valid entry can be considered only if the price closes clearly above 2.20 with strong volume. This would indicate a confirmed breakout and continuation of the upward trend.
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Suggested Trading Plan
Entry 1: 2.08
Entry 2: 1.98
Target 1: 2.24
Target 2: 2.35
Stop Loss: 1.90
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Conclusion
XRP is currently testing a major resistance at 2.18 – 2.20. A pullback is likely before any further upward continuation. The best opportunities lie within the identified support zones, while a confirmed breakout above 2.20 would open the way to higher targets.
