XRP: Aiming to Rebound from Recent Dip
🔥 FinCaesar's Strategy:
🩸 Long: Above $3.20, targeting $3.50 and $3.80. XRP remains significantly above its 200-day EMA (around $1.35), reflecting a strong macro uptrend. While a recent pullback suggests profit-taking, the MACD is still in positive territory—indicating that buyers could regain momentum if support holds.
🩸 Short: Below $3.00, aiming for $2.75 and $2.50. A decisive break under $3.00 may open the door for a deeper correction, especially if selling pressure accelerates and the MACD weakens.
🔥 FinCaesar’s Commands:
🩸 Resistance: $3.40–$3.50 — Overcoming this zone could re-ignite bullish momentum.
🩸 Support: $3.00 — Losing this level could prompt a steeper slide.
XRP has enjoyed a remarkable run, surging to new highs before experiencing a healthy correction. If it can consolidate above $3.20 and break through $3.40–$3.50, the uptrend may resume toward $3.80. However, watch for a breach of $3.00, which would shift near-term sentiment toward the downside.
👑 "Strength in the markets comes not from force, but from consistency and vision." — FinCaesar
🩸 Long: Above $3.20, targeting $3.50 and $3.80. XRP remains significantly above its 200-day EMA (around $1.35), reflecting a strong macro uptrend. While a recent pullback suggests profit-taking, the MACD is still in positive territory—indicating that buyers could regain momentum if support holds.
🩸 Short: Below $3.00, aiming for $2.75 and $2.50. A decisive break under $3.00 may open the door for a deeper correction, especially if selling pressure accelerates and the MACD weakens.
🔥 FinCaesar’s Commands:
🩸 Resistance: $3.40–$3.50 — Overcoming this zone could re-ignite bullish momentum.
🩸 Support: $3.00 — Losing this level could prompt a steeper slide.
XRP has enjoyed a remarkable run, surging to new highs before experiencing a healthy correction. If it can consolidate above $3.20 and break through $3.40–$3.50, the uptrend may resume toward $3.80. However, watch for a breach of $3.00, which would shift near-term sentiment toward the downside.
👑 "Strength in the markets comes not from force, but from consistency and vision." — FinCaesar
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.