XRP: Bounce From Support Targets 3.13

Sep 28

XRP: Bounce From Support Targets 3.13

Price tested the support zone around 2.70 and bounced higher.

This shows buyers are stepping in to protect the level.

First target is at 2.97, where price may face resistance.

If momentum continues, the next target is around 3.13 that corresponds also to a strong structure zone again where XRP was rejected during the previous days.

As long as the price stays above the support zone, the short-term outlook remains bullish.

It is a bit risky overall considering BTC is not taking any direction yet, but as long as we can monitor the price, we should hold this zone.

You may find more details in the chart!
Thank you and Good Luck!

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Sep 29

Trade active

From the analysis I shared yesterday, XRP has already gained nearly +2.9%.

The bullish momentum has strengthened over the past 24 hours, and overall sentiment in the crypto market looks more positive.

Meanwhile, BTC is also shifting direction, increasing the chances of starting another short-term bullish move.

A stronger BTC could further boost altcoins throughout this week.

Oct 4

Trade closed: target reached