🔍📊 *XRP Technical Analysis – Binance Square* 📊🔍
👉 *Current Setup:*
XRP is trading near a key support zone at $0.52. The 20‑day EMA is acting as dynamic resistance around $0.58.
📈 *What to Watch:*
1. *Breakout:* A clean move above $0.58 could target $0.65 & then $0.72.
2. *Breakdown:* If price slips below $0.52, expect a test of $0.48 support.
🛠️ *Indicators:*
- RSI (14) is hovering around 45, suggesting neutral momentum.
- MACD shows a bearish crossover, advising caution on longs.
💡 *Trading Idea:*
- *Long entry* on a confirmed break & close above $0.58 with tight stop at $0.54.
- *Short entry* if $0.52 breaks, target $0.48, stop at $0.55.
⚠️ *Risk Note:* Always manage position size & set stop‑loss to protect capital.
🔗 *Chart Tip:* Use Binance’s charting tools to add EMA(20) & Fibonacci retracement for precise levels.
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