XRP at its strongest resistance, LONGS be careful!!
2024-12-04

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Let's analyze XRPUSDT on lower time frame:

XRP recently experienced a significant 470% surge within a month. However, this rapid rally is suspected to be a bull trap. Historical data, particularly the 2021 pump followed by an 80% decline, suggests weak investor sentiment. As XRP is currently trading near its strongest resistance, a potential pullback or sideways movement is anticipated. A retest of support levels seems likely before any further upward movement.

RSI overbought (LTF): Indicates potential correction.
MACD slowing momentum (LTF): Suggests a possible pullback.

Key support zones:
$2.22
$1.85
$1.41

Key resistance levels:
$2.9
$3.2

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