XRPUSDT → Resistance ahead. Correction before growth

XRPUSDT is rising after breaking through consolidation resistance. Bitcoin's rally supported the overall market momentum, but a new resistance zone lies ahead...



Bitcoin is testing its ATH and updating it, but is facing pressure and forming a false breakout. A correction in the flagship coin could trigger a correction in XRP, but if Bitcoin continues to storm the 112K area without a pullback, followed by a breakout, the market could find support and continue to rise.
After XRP broke through resistance, the coin entered a distribution phase and is testing an important resistance zone of 2.4488 - 2.4772. The inability to continue growth, a false breakout, and price consolidation in the selling zone could trigger a correction.

Resistance levels: 2.4488, 2.4772, 2.6524
Support levels: 2.3587, 2.3375, 2.2455

Despite breaking through resistance, XRP is still in a local downtrend. Pressure on the market is still present. The formation of a false breakout will indicate that growth is limited for now. However, if the price consolidates above 2.4772 and begins to break out of the local structure, we can expect growth to continue.

Best regards, R. Linda!