Symbol - XRPUSDT
XRPUSDT is undergoing a corrective phase following a sharp sell-off. It remains premature to anticipate sustained growth without intermediate pullbacks, as the pair is approaching a major resistance zone.
The broader cryptocurrency market is showing signs of recovery after a period of heavy liquidations. Both BTCUSDT and XRPUSDT are nearing critical resistance levels, where a potential corrective movement could emerge.
From a technical perspective, after nearly two months of consolidation, the price broke below the established trading range, indicating a structural breakdown. As part of the current correction, XRPUSDT is retesting the liquidity zone between 2.7000 & 2.7266, which could serve as a trigger for renewed selling pressure.
Resistance levels: 2.7000 – 2.7266, 2.8286
Support level: 2.5050
A sharp advance without sufficient technical strength to surpass the 2.7000 resistance may lead to a false breakout, followed by a pullback toward the 2.5050 support zone.
XRPUSDT is undergoing a corrective phase following a sharp sell-off. It remains premature to anticipate sustained growth without intermediate pullbacks, as the pair is approaching a major resistance zone.
The broader cryptocurrency market is showing signs of recovery after a period of heavy liquidations. Both BTCUSDT and XRPUSDT are nearing critical resistance levels, where a potential corrective movement could emerge.
From a technical perspective, after nearly two months of consolidation, the price broke below the established trading range, indicating a structural breakdown. As part of the current correction, XRPUSDT is retesting the liquidity zone between 2.7000 & 2.7266, which could serve as a trigger for renewed selling pressure.
Resistance levels: 2.7000 – 2.7266, 2.8286
Support level: 2.5050
A sharp advance without sufficient technical strength to surpass the 2.7000 resistance may lead to a false breakout, followed by a pullback toward the 2.5050 support zone.
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Join my free Telegram group: t.me/akshit_official
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Trading isn’t a gamble. When skill meets discipline - profit becomes the natural outcome.
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885530
Join my free Telegram group: t.me/akshit_official
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885530
Join my free Telegram group: t.me/akshit_official
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.