“The ripple-reaced token Forms Strong Support Near.”, – WRITE: www.coindesk.com
(Coindesk Data)
- XRP is stabilizing near the top of it recent range, shower signs of Bullish pressure as volatility narrows.
- Despite Market Liquidations Due to Middle East Conflicts, XRP HAS HELD GROUND, Forming Higher Lows Within A $ 2.14– $ 2.18 Trading Band.
- Technical Indicators Suggest A Potential Breakout Setup, With Bollinger Bands Tighhening and Xrp Maintening An Ascending Channel.
With Strong Volume-Backed Support at $ 2.14– $ 2.14 and Multiple Resistance Tests at $ 2.18, The Asset Appears to be Coiling with An ascending Channel, Setting The Stage for A Posut.
News Background
- MIDDLE EAST CONFLICS TRIGGERED RENEWED RISK-Off Sentiment Across Markets, Sparking Liquidations Across Crypto. While Top Assets Like Cardano and Solana Posted Over 1% Declines, XRP HAS MANAGED TO HOLD GROUND – Forming High Lows and Carning Out A New Trading Band in The $ 2.14– $ 2.18 – $ 2.18.
- This Resiliencnce Comes As the Federal Reserve Prepares to Annune Its Next Interest Rate Decision. With Global Economic Policy Increasing Fragmented, Crypto Traders Are Bracing for Sharp Moves Across Digital Assets.
- Despite Broader Caution, Xrp’s Recent Behavior Suggests Underlying Strength, with Technical Compression Pointing to a Potential Breakoout Setup.
- Xrp’s Long-Term Structure Remains in Focus. After Nearly 200 Days of Ranging Between $ 1.90 and $ 2.90, The Token Is Testing The Upper End of A Descending Channel on the USDT PAIR, WITH Macro Resistance Near $ 2.60.
- Analysts Continue to Debate Wheth This Structure Mirrors Xrp’s 2017 Price Setup – A Consolidation that Preceded a 1.300% Breakout.
- Meanwhile, Investor Behavior Is Shifting. Glassnode Data Shows Rising Profit-Taking Activity AVERAGING $ 68.8.8 Million Daily, Even As Bollinger Bands Narrow-A Classic Sign of PENDING VALATITY.
Price ActionXRP Traded Within A 3.81% Range from $ 2.143 to $ 2.182 Over 24 Hours, with Strong Buying Pressure Defending Support at $ 2.143 Dringing The 07:00 HOUR, WHERE VOLUAR Resistance Was tested repeatedly at $ 2.179– $ 2.182 Through the day But Held Firm.
In the Final Trading Hour, XRP Fell From A Local High of $ 2.181 to $ 2.167, A 0.7% Drop That Formed A New Short-Term Descending Channel. Volume Surged to 1.7 Million as Support at $ 2.170 Was Breached, But Price Stabilized Quickly and Formed a Higher Low, Preserving The Broader Uptrend Structure.
Technical Analysis ReCap
- XRP Posted A 3.81% 24-HOUR Range, from $ 2.143 to $ 2.182.
- Support Held at $ 2.143– $ 2.147 with Heavy Volume During Early Session Lows.
- Resistance Tested AT $ 2.179– $ 2.182 Multiple Times, Forming A Clear Upper Boundary.
- Price Action Appears to Form An Ascending Channel with Higher Lows Intact.
- LATE-SESSION SELL-OFF Trigger BY 1.7M VOLUME SPIKE AT $ 2.170, But Price Recovered to $ 2.167.
- Descending Micro-channel Formed in the Final Hour; Broader Trend Remains Bullish if $ 2.14 Support Holds.
- Bollinger Bands Tightling; RSI Neutral at 52 Suggests PENDING VALATCY.
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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