No Sell Walls Left Above $5.20 for XRP. Here’s What Is Coming
Main Idea
Crypto analyst STEPH IS CRYPTO suggests there are no sell walls above $5.20 for XRP, indicating potential for a significant price surge if key resistance levels are broken.
Key Points
1. XRP is currently trading at $3.07, with strong support forming below $3.00 and resistance between $3.10 and $3.14.
2. A breakout above $3.15 could target price zones beyond $4.50, with $5.20 as the next critical level.
3. Support zones are identified at $2.90-$2.95 and $2.65, with the latter being a crucial Fibonacci retracement level.
4. Thin liquidity between $3.50 and $5.20 may lead to a swift and sharp price ascent if buy-side interest increases.
5. The analyst emphasizes the importance of breaking the $3.14 ceiling to pave the way for higher price targets.
Description
According to crypto analyst STEPH IS CRYPTO, there are now “no sell walls left above $5.20” for XRP. The implication is clear: XRP may be on the verge of a steep vertical move. This outlook is particularly relevant now, as the asset is trading within a narrow technical range and facing growing underlying pressure. XRP’s Market Behavior XRP is currently trading at $3.07, having moved between $2.95 and $3.08 in the last 24 hours. This price action reflects a gradual but determined recovery, with s...
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