📊 Technical Analysis (The Set-Up)
* Support & Recovery:
$XRP successfully tested a local bottom at $1.3905 and is now pushing back up.
* Trend Reversal: The price has just crossed above the MA(7) ($1.4032) and MA(25) ($1.4038), signaling a short-term bullish reversal.
* MA
$XRP CD Confirmation: The MACD has finally flipped green (0.0012), confirming that buying momentum is returning after a period of cooling off.
* The Target: The price is now fighting the MA(99) at $1.4092. A solid close above this level opens the door back to $1.44+.
🚀 Binance Square Post (Designed for Clicks)
Title:
$XRP Bounce Confirmed! 🚀 Next Stop: $1.44?
XRP bears are losing steam and the bulls are back in control! 🐂 After hitting a local bottom at $1.39, we are seeing a classic "V-shape" recovery on the 5-minute chart.
Why the momentum is shifting:
* Bullish Crossover: Price just flipped both the 7 and 25 Moving Averages into support.
* MACD Flip: We have a confirmed green MACD crossover, showing that buyers are stepping in heavily at these levels.
* Volume Spike: Buying volume is starting to outpace the sellers as we approach the critical $1.41 resistance.
🎯 My Strategy:
* Buy Zone: Current price around $1.4095 is a strong entry for the next leg up.
* Target 1: $1.44 (Immediate resistance).
* Target 2: $1.50 (Psychological breakout).
* Stop Loss: $1.385 (Just below the recent support).
The chart looks primed for a breakout. Don’t wait for the pump—position yourself now! 💎
Trade XRP/USDT directly here and let's ride this wave! 📈
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