đ XRP On The Move: Recovery or Bull Trap? đ
The $XRP chart is heating up! After a sharp dip to the $1.11 support zone, weâre seeing a massive organic bounce. Check out these key technical levels Iâm watching right now:
đ The Technical Breakdown:
V-Shaped Recovery: Weâve seen a solid reversal from the lows, with XRP currently trading around $1.4776, up over 22% in the last 24 hours!
Moving Averages: The price has successfully reclaimed the MA(7) and MA(25) on the 1H timeframe. However, we are currently battling the MA(99) (purple line) near $1.48. A clean break above this could signal a continuation toward the recent high of $1.54.
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Volume Surge: With $1.02B USDT in 24h volume, the liquidity is back. This isn't just retail noise; the whales are active.
đĄ My Strategy:
Iâm looking for a 1-hour candle close above the MA(99) to confirm strength. If we reject here, a healthy retest of the $1.36 area might be the perfect entry for a "buy the dip" play.
Current Sentiment: Bullish đ (but keeping a tight Stop Loss!)
Whatâs your move? Are you HODLing for the $2.00 dream, or is this a local top? Let me know in the comments! đ