XRP Shows Potential for Further Gains Amid Key Resistance Levels and Market Uncertainty
Main Idea
XRP shows strong short-term bullish momentum with 12 consecutive green hourly candles, and breaking key resistance levels could lead to further gains towards $4.
Key Points
1. XRP has recorded 12 consecutive green hourly candles, indicating strong short-term bullish momentum.
2. Key resistance levels to watch are the hourly SMA 200 near $3.17 and $3.66; breaking $3.66 could target $4.
3. Immediate support lies at $3, with secondary support at $2.96; failure to hold $3 may lead to a retest of $2.96 and $2.65.
4. The RSI above 50 suggests bullish momentum, with buyers currently having the advantage.
5. Market conditions, including Federal Reserve policies, influence XRP's price consolidation and recovery.
Description
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