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.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.