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🚀 XRP: Technical Analysis indicates a potential breakout
Take a look at the 4-hour chart of XRP/USDT — technical indicators suggest the formation of a breakout pattern! 📈
Key Technical Levels:
🔥 Resistance zone: $3.30 - $3.35
💥 Target level: $3.65+
🛡️ Support level: $2.78
⚔️ Current consolidation in the critical zone $3.01 — forming a base for potential movement 🌪️
The range between $2.90 and $3.10 represents a classic accumulation zone. Upon breaking this resistance level, technical analysis indicates the possibility of a strong upward movement! 📈
Trading volumes show an increase, confirming the growing interest of market participants. 🐂 The technical picture of XRP is forming a potential model for a sharp price movement.
🎯 The medium-term target is at the level of $3.65, while the risk zone is at the level of $2.78. The risk/reward ratio looks attractive from a technical perspective.
⚠️ This information is not financial advice — always conduct your own analysis before making trading decisions.
XRP
2,8283
+1.33%