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XRP showing signs of stabilization after recent volatility
Post:
$XRP has experienced a sharp move in the past sessions, with price jumping from the mid-$2.90 range to retest above $3.00. Following this rally, the market entered a short-term consolidation phase.
Currently, XRP is trading around $3.02–3.03, sitting close to several short-term moving averages (EMA 7, EMA 10, and MA 15), which have started to flatten out. This suggests indecision in the market after a strong rebound.
The RSI is hovering near 51, pointing to a neutral momentum—neither strongly overbought nor oversold. Meanwhile, the MACD has crossed into bearish territory, signaling that upside momentum may be fading unless new volume enters the market.
On the support side, the $2.95–2.96 zone (MA 50 and MA 70) remains critical. A breakdown below this area could expose XRP to further retracements. On the flip side, reclaiming $3.05 and holding above $3.10 would strengthen the bullish case for another leg upward.
The market seems to be at a crossroads: accumulation before the next move, or a pause before further correction.
💬 What’s your take—does $XRP have the strength to hold above $3.00 in the coming days
#XRP #Crypto #TechnicalAnalysis #Trading #Luminare
Post:
$XRP has experienced a sharp move in the past sessions, with price jumping from the mid-$2.90 range to retest above $3.00. Following this rally, the market entered a short-term consolidation phase.
Currently, XRP is trading around $3.02–3.03, sitting close to several short-term moving averages (EMA 7, EMA 10, and MA 15), which have started to flatten out. This suggests indecision in the market after a strong rebound.
The RSI is hovering near 51, pointing to a neutral momentum—neither strongly overbought nor oversold. Meanwhile, the MACD has crossed into bearish territory, signaling that upside momentum may be fading unless new volume enters the market.
On the support side, the $2.95–2.96 zone (MA 50 and MA 70) remains critical. A breakdown below this area could expose XRP to further retracements. On the flip side, reclaiming $3.05 and holding above $3.10 would strengthen the bullish case for another leg upward.
The market seems to be at a crossroads: accumulation before the next move, or a pause before further correction.
💬 What’s your take—does $XRP have the strength to hold above $3.00 in the coming days
#XRP #Crypto #TechnicalAnalysis #Trading #Luminare
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