🚀 Looking at $XRP /USD – Has the shift begun??
$XRP is trying to turn the table! After exiting the downtrend channel, strong signals of a reversal have started to appear.
The price reached its highest level in 3 months at 2.4140, then corrected naturally around 2.2460 – the situation is still under control.
Who is supporting this rise? Clear institutional inflows into ETFs focused on XRP, and improving regulatory outlook in the U.S. All of this provides strong momentum for the positive scenario.
🔍 Technically:
- The trend has started to shift upward
- Broken the downtrend channel upwards
- Momentum indicators (MACD and Bollinger) support continued upward movement
- Currently monitoring the 2.3437 area as a key for the next move
📈 If a breakout above 2.3437 occurs:
- First target: 2.5390
- Second target: 2.7880
- Stop loss: 2.1950
📉 If we break below 1.9531:
- We might see 1.6420 or even 1.1718
- Stop loss in this scenario: 2.0920
🎯 Conclusion:
The market is in a sensitive phase. Above 2.3437, we continue upward; below 1.9531, we revert to a downtrend. In between? We monitor and wait for the breakout.
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