📊 Support and Resistance Levels:
🔼 Resistance:
$2.95 - $3.02 – currently being tested, a local resistance zone. Price slightly rejected.
$3.40 – another strong resistance level from the previous high (visible on the left side of the chart).
🔽 Support:
$2.75 – the closest, recently broken support level.
$2.58 – another local support level.
$2.28–$2.30 – a very strong support zone that has been tested multiple times.
📈 Pattern and Momentum:
A breakout from a wedge-shaped downtrend with very high volume and long bullish candles indicates strong demand.
We are currently observing a correction/rejection at $3.02 – a possible short-term pullback.
🔄 Oscillator – Stochastic RSI:
The Stochastic RSI oscillator is in the overbought zone (near 100) – indicating possible consolidation or correction.
The curves are starting to curve downwards – a potential signal for a slight correction in the coming days.
🧠 Scenarios:
✅ Bullish (continued growth):
If the $2.95–$3.02 level is broken strongly and confirmed (e.g., by a daily candlestick closing above it), the target will be $3.40.
In this case, a quick rally to $3.40 is possible without major obstacles.
⚠️ Bearish (correction):
If the $3.02 zone holds as resistance, the price could retrace to $2.75 (the first local support).
If downward pressure persists, $2.58 could be tested.
📌 Summary:
XRP is in a strong uptrend after breaking out of long-term resistance.
In the short term, overbought prices on the Stoch RSI could trigger a correction to $2.75.
Key resistance: $3.02 – breaking it could signal further gains towards $3.40.
It's worth monitoring price reaction in this zone and candlestick confirmation.
🔼 Resistance:
$2.95 - $3.02 – currently being tested, a local resistance zone. Price slightly rejected.
$3.40 – another strong resistance level from the previous high (visible on the left side of the chart).
🔽 Support:
$2.75 – the closest, recently broken support level.
$2.58 – another local support level.
$2.28–$2.30 – a very strong support zone that has been tested multiple times.
📈 Pattern and Momentum:
A breakout from a wedge-shaped downtrend with very high volume and long bullish candles indicates strong demand.
We are currently observing a correction/rejection at $3.02 – a possible short-term pullback.
🔄 Oscillator – Stochastic RSI:
The Stochastic RSI oscillator is in the overbought zone (near 100) – indicating possible consolidation or correction.
The curves are starting to curve downwards – a potential signal for a slight correction in the coming days.
🧠 Scenarios:
✅ Bullish (continued growth):
If the $2.95–$3.02 level is broken strongly and confirmed (e.g., by a daily candlestick closing above it), the target will be $3.40.
In this case, a quick rally to $3.40 is possible without major obstacles.
⚠️ Bearish (correction):
If the $3.02 zone holds as resistance, the price could retrace to $2.75 (the first local support).
If downward pressure persists, $2.58 could be tested.
📌 Summary:
XRP is in a strong uptrend after breaking out of long-term resistance.
In the short term, overbought prices on the Stoch RSI could trigger a correction to $2.75.
Key resistance: $3.02 – breaking it could signal further gains towards $3.40.
It's worth monitoring price reaction in this zone and candlestick confirmation.
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.
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.