📊 Analysis:
Moving averages support the bullish trend:
MA7 = 1.5722
MA25 = 1.5538
MA99 = 1.5412
The price is above the three moving averages, but there is clear selling pressure near 1.60–1.63, the same zone where rejection occurred previously. Therefore, I do not recommend chasing the price at the top.
🎯 Potential trading plan:
🔹 First entry: 1.55–1.56
🔹 Stronger entry on the pullback: 1.52–1.54
🔹 Breakout confirmation: holding above 1.60 with increased trading volume
🔹 First target: 1.60
🔹 Second target: 1.63
🔹 If it breaks above 1.63 strongly: 1.70
🛑 Cancel the short-term bullish scenario if the price breaks 1.52 with a clear close.
The key point: the presence of large buy orders near 1.50 provides apparent support in the order book, but it doesn’t guarantee these orders will remain; so watch the candles and volume instead of relying on the order book alone.
Is XRP preparing for a new wave? The price is currently trying to maintain momentum, and the real key is 1.60 then 1.63. Breaking this range with strong volume may pave the way for higher levels; however, rejection from it could push the price back to test 1.55–1.54.
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