XRP/USDT Daily : Explosive Breakout but Watch for Exhaustion
The XRPUSDT pair has seen a dramatic surge, breaking through historical resistance levels and displaying strong bullish momentum. Let’s dive into the details of this incredible move:
XRPUSDT has made a parabolic move, pushing past prior resistance near $1.00 and exploding to levels above $2.70.
The breakout has been supported by long-term accumulation within a tight range, as indicated by the prolonged consolidation phase prior to this rally.
Historical resistance levels around $1.3 and $1.6, have turned into key support zones, which may be retested in case of a pullback.
RSI is firmly in overbought territory, now hovering around 80-90. This suggests the possibility of a short-term correction or consolidation as the market digests the recent move.
The MACD histogram shows massive bullish momentum, with both the MACD and signal lines accelerating upward. No signs of bearish divergence yet, confirming the strength of the trend.
If XRP holds above key support $1.3 and $1.6, it may just be gearing up for its next leg higher!
XRPUSDT has made a parabolic move, pushing past prior resistance near $1.00 and exploding to levels above $2.70.
The breakout has been supported by long-term accumulation within a tight range, as indicated by the prolonged consolidation phase prior to this rally.
Historical resistance levels around $1.3 and $1.6, have turned into key support zones, which may be retested in case of a pullback.
RSI is firmly in overbought territory, now hovering around 80-90. This suggests the possibility of a short-term correction or consolidation as the market digests the recent move.
The MACD histogram shows massive bullish momentum, with both the MACD and signal lines accelerating upward. No signs of bearish divergence yet, confirming the strength of the trend.
If XRP holds above key support $1.3 and $1.6, it may just be gearing up for its next leg higher!
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