NewsBTC
6 hour ago
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XRP Strengthens with Bullish XRPBTC Close, Targets $2.75 Resistance

CryptoWzrd's latest analysis reports that XRPBTC closed the day with a strong bullish signal, potentially pushing towards the $2.75 resistance level.

Market Analysis

  • XRP’s daily candle aligned with Bitcoin's broader market sentiment, ending slightly bearish despite the bullish close in the XRPBTC pair.
  • A breakout above the daily lower-high trendline could trigger further price gains towards the $2.75 resistance.
  • Potential downside movement in BTC might lead XRP to retreat toward the $2 support zone.

XRP

Intraday Market Signals

  • XRP's intraday price action remains choppy, indicating market indecision.
  • A move above the $2.408 resistance could lead to more upward momentum and long opportunities.
  • Rejection at $2.408 may present short opportunities, reinforcing intraday weakness.
  • A drop below the $2.2550 support level could signify further declines.

XRP

Traders are advised to wait for clearer signals on the lower-time-frame charts before making significant moves.