XRP/USDT | Technical Analysis & Trade Strategy

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Market Overview

Current Price: Around $2.93, with intraday movement between $2.83–$2.98 .

24H & Weekly Movement: XRP has gained approximately 2–3% in the last 24 hours, but is down ~11% over the past week .

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Technical Sentiment

TradingView Overview: Daily technical rating shows a neutral signal, while weekly and monthly trends lean buy .

Short-Term Momentum (4H):

A breakdown near $2.80–$2.30 Fibonacci zone suggests possible downside, though oversold conditions may spark a rebound .

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Support & Resistance Levels

Type Price Range Notes

Strong Support $3.13–$3.15 Volume-backed zone
Psychological Support $3.00 Also 38.2% Fib level
EMA Support $2.89 (50 EMA), $2.78 (50% Fib), $2.66 (August lows) Additional layers of demand
Lower Support $2.40 (61.8% Fib), $2.28 (200 EMA), $1.90 (June lows) Longer-term risk zone
Immediate Resistance $3.27–$3.31 Repeated rejection and Fib confluence
Bullish Extension Zone $3.60–$3.66 Mid-July consolidation high
Alternative Outlook (TradingView Idea): Support at $2.90, upside target $3.66, resistance at $3.09

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Market Drivers & Sentiment

Profit-taking and broader market caution have dampened recent gains; support just below $3 may offer a short-term floor .

Analysts are eyeing a potential bounce if broader crypto sentiment improves or any regulatory/institutional catalyst emerges .

Recent bullish forecasts see a move into the $4 range short-term, with long-term targets extending to $5–$10 depending on adoption and clarity .

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Trade Strategy Setup

** Bullish Scenario:**

Hold or take new long positions if XRP maintains above $3.00–$3.15.

Break and sustain above $3.27–$3.31 could unlock $3.60–$3.66 as next upside.

Ambitious breakout could see $4.00 and beyond.

** Bearish Scenario:**

A clear failure below $3.00 may bring down $2.89, then $2.78–$2.66.

Deeper weakness could test $2.40–$1.90.

** Suggested Levels:**

Entry (Aggressive): $2.90–$3.00 (near support).

Conservative Entry: Above $3.15–$3.20 (improves risk-reward).

Targets:

TP1: $3.30–$3.31

TP2: $3.60–$3.66

TP3: $4.00+

Stop Loss: Below $2.89–$2.78 (given EMA and fib support).

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Summary

XRP is balancing between its next breakout or breakdown. Price action around $3.00–$3.15 is crucial—holding this zone could pave the way for higher targets. Key resistance lies in the $3.27–$3.31 zone. Watch for volume and broader market catalysts to validate the move.