$XRP is currently fighting to hold its ground at a major psychological level.
Here is the "short & sharp" breakdown:
The Setup
Current Price: $1.42 – $1.43 (Stable but under pressure).
Support (Floor): $1.40. If this breaks, expect a quick drop to $1.35 or lower.
Resistance (Ceiling): $1.47 – $1.51. We need a close above this to start a rally.
The Strategy
Bearish Signal: RSI is at 44 (Weak); the price is trapped below its 20-day and 50-day moving averages.
Bullish Trigger: A jump above $1.60 would confirm a "Short Squeeze," potentially targeting $1.80+.
Key Event: Watch the "Clarity Act" news—any positive regulatory update will likely trigger a massive breakout.
In short: Keep an eye on $1.40. As long as it holds, the bulls have a chance. If it fails, the bears take over.
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XRP
1.3517
-1.08%