๐ #XRP Technical Update on the 3-Day Timeframe!
We've seen a solid bounce for coin $XRP from the recent low at $1.0501, with the price now trading right at the EMA 7 average at $1.2105.
๐ก Current Key Points:
1๏ธโฃ A breakout and close of the 3-day candlestick above $1.2100 will open the door for testing the next resistance at the EMA 25, which is aligned at $1.3198.
2๏ธโฃ The MACD indicator is still in the negative zone, but we're observing a slowdown in selling momentum (contraction of the red bars), suggesting an attempt to build a bounce bottom.
3๏ธโฃ Maintaining support levels above $1.05 is crucial to keep the current bullish sentiment and avoid a deeper drop.
Do you think XRP is ready to touch $1.32 soon, or will we see a retest of the low? Share your thoughts with us! ๐
#TradeVisionAI #XRPUSDT #CryptoAnalysis #BinanceSquare #WriteAndEarn #TankersUTurnOnPossibleHormuzReopening #SECChairAtkinsReformsIPOAccess $XRP
We've seen a solid bounce for coin $XRP from the recent low at $1.0501, with the price now trading right at the EMA 7 average at $1.2105.
๐ก Current Key Points:
1๏ธโฃ A breakout and close of the 3-day candlestick above $1.2100 will open the door for testing the next resistance at the EMA 25, which is aligned at $1.3198.
2๏ธโฃ The MACD indicator is still in the negative zone, but we're observing a slowdown in selling momentum (contraction of the red bars), suggesting an attempt to build a bounce bottom.
3๏ธโฃ Maintaining support levels above $1.05 is crucial to keep the current bullish sentiment and avoid a deeper drop.
Do you think XRP is ready to touch $1.32 soon, or will we see a retest of the low? Share your thoughts with us! ๐
#TradeVisionAI #XRPUSDT #CryptoAnalysis #BinanceSquare #WriteAndEarn #TankersUTurnOnPossibleHormuzReopening #SECChairAtkinsReformsIPOAccess $XRP