Is Now the Right Time to Buy XRP After the Dip?
The post Is Now the Right Time to Buy XRP After the Dip? appeared on BitcoinEthereumNews.com. XRP Price Adjusts Lower After Strong Rally XRP has seen a healthy retracement, dropping -2.6% in the past 24 hours to trade around $3.45, following a powerful +22% rally over the past week. This price action resembles a typical short-term correction after a strong bullish leg, as seen in the 4H chart. Technical Analysis for XRP Coin: Support, Resistance, and Indicators Key Resistance: $3.61 — This is the recent local high and a critical resistance level. Price rejected this zone twice, forming a double top pattern on the 4H timeframe. Immediate Support: $3.48 (21-EMA) and $3.42 — XRP is currently testing this zone. Stronger Support: $3.00 — a psychological level and previous breakout zone. MA Crossover: The 9-EMA (orange) remains above the 21-EMA (green), but the gap is narrowing — signaling weakening momentum. RSI: RSI (14) is at 62.35, cooling off from overbought territory, suggesting consolidation rather than a full reversal for now. XRP/USD 4-hours chart – TradingView XRP Price Prediction: Buy Now or Wait? Different traders have different styles and different strategies. However, the below facts are relevant for all setups: Short-Term Traders: Not ideal to jump in immediately. The RSI is cooling off, and price action shows signs of local exhaustion. If you’re a scalper, wait for a potential bounce confirmation above $3.42, or enter on a reclaim of $3.52 with a stop just below $3.42. Swing Traders: A better entry would be near the $3.00 zone if price retraces further. That level marks strong historical support and would offer a better risk-reward ratio. Long-Term Investors: This dip could be an early entry opportunity if your conviction is strong, but laddering in slowly is advised. Market remains bullish as long as $3.00 holds. Upside Targets: First resistance: $3.61. Break above that could lead to $4.00 and potentially $4.25…
The post Is Now the Right Time to Buy XRP After the Dip? appeared on BitcoinEthereumNews.com.
XRP Price Adjusts Lower After Strong Rally XRP has seen a healthy retracement, dropping -2.6% in the past 24 hours to trade around $3.45, following a powerful +22% rally over the past week. This price action resembles a typical short-term correction after a strong bullish leg, as seen in the 4H chart. Technical Analysis for XRP Coin: Support, Resistance, and Indicators Key Resistance: $3.61 — This is the recent local high and a critical resistance level. Price rejected this zone twice, forming a double top pattern on the 4H timeframe. Immediate Support: $3.48 (21-EMA) and $3.42 — XRP is currently testing this zone. Stronger Support: $3.00 — a psychological level and previous breakout zone. MA Crossover: The 9-EMA (orange) remains above the 21-EMA (green), but the gap is narrowing — signaling weakening momentum. RSI: RSI (14) is at 62.35, cooling off from overbought territory, suggesting consolidation rather than a full reversal for now. XRP/USD 4-hours chart – TradingView XRP Price Prediction: Buy Now or Wait? Different traders have different styles and different strategies. However, the below facts are relevant for all setups: Short-Term Traders: Not ideal to jump in immediately. The RSI is cooling off, and price action shows signs of local exhaustion. If you’re a scalper, wait for a potential bounce confirmation above $3.42, or enter on a reclaim of $3.52 with a stop just below $3.42. Swing Traders: A better entry would be near the $3.00 zone if price retraces further. That level marks strong historical support and would offer a better risk-reward ratio. Long-Term Investors: This dip could be an early entry opportunity if your conviction is strong, but laddering in slowly is advised. Market remains bullish as long as $3.00 holds. Upside Targets: First resistance: $3.61. Break above that could lead to $4.00 and potentially $4.25…
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