XRP/USD Technical Analysis
Key Levels:
- Resistance: $2.29719 - $2.42730
- Support: $1.91020 - $1.90542
Market Structure:
- XRP/USD is testing a key resistance area near $2.30-$2.42.
- A rejection from this zone could lead to a downside move toward the target area near $1.91.
- If buyers break above resistance, bullish momentum could push prices toward the $2.50-$2.60 range.
Trade Setup:
- Bearish Scenario: Short entry near resistance with a target around $1.91.
- Bullish Scenario: A confirmed breakout above $2.43 could invalidate the bearish outlook.
Conclusion:
Price action favors a short-term bearish bias unless resistance is breached. Traders should monitor price behavior near the key resistance zone for confirmation.
If you enjoy, press the like button.
Key Levels:
- Resistance: $2.29719 - $2.42730
- Support: $1.91020 - $1.90542
Market Structure:
- XRP/USD is testing a key resistance area near $2.30-$2.42.
- A rejection from this zone could lead to a downside move toward the target area near $1.91.
- If buyers break above resistance, bullish momentum could push prices toward the $2.50-$2.60 range.
Trade Setup:
- Bearish Scenario: Short entry near resistance with a target around $1.91.
- Bullish Scenario: A confirmed breakout above $2.43 could invalidate the bearish outlook.
Conclusion:
Price action favors a short-term bearish bias unless resistance is breached. Traders should monitor price behavior near the key resistance zone for confirmation.
If you enjoy, press the like button.
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註釋
Amazing now XRP starts falling towards target...
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