Key Points:
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Xrp Strggles to Break Above the $ 2.35 Resistance, Pointing to A Lark of Demand at Highher Levels.
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RISING ODDS of an XRP ETF Approval Counter Catalyze the Next Leg of An XRP Rallly.
Bloomberg’s Excination-Traded Fund Specialists Eric Balchunas and James Seyfart Project a 95% Possibility of XRP (XRP), Solana (Sol), and Litecoin (Ltc) Etfs Being Greenlit by The us Securities and Exchange Commission in 2025.
Couelf XRP’s PRICE CONSOLIDATION ACT AS A LAUNCH PAD For The Next Move Highher, Or Will the Bears Pull The PRICE LOWER? Let’s Analyze the charts to find out.
XRP Price PREDICITION
Buyers Pushed XRP Above the 50-Day Simple Moving Average (SMA) ($ 2.24) on Monday, but the Long Wick on the Candlestick Shows Selling at Highher Levels.
The 20-Day Exponential Moving Average (EMA) ($ 2.17) is the Key Level to Watch Out for in the Near Term. If the price refounds of the 20-Day Ema with Force, It Increases The Likelihood of a Break Above the $ 2.35 Resistance. If that has been, the XRP/USDT PAIR May Surge to $ 2.65.
Contrary, if the price brokes and MainTains Beau the 20-Day EMA, IT Signals that The Bears are trying to Seize Control. The Pair Cououl Slide to $ 2.06 and Later to $ 2. Buyers are Expected to Defend the $ 2 level with all their might becuse a Close below it open the doors for a Fall to a $ 1.61.
Related: XRP PRICE PREDICTIONS ABOVE $ 3 in 2025 Have One Major Flaw
The 4-Hour Chart Shows that The Bears Are Fiercely Defending The $ 2.35 Level. There is support at the 50-SMA, but if the Bears Prevail, The Pair Cououl Drop to $ 2.06. This is a Critical Level for the Bulls to Defend Becuse A Break Below $ 2.06 May Sink the Pair to $ 2.
On the content, if the price turns up from the 50-Day SMA, The Bulls Will Try to Push the Pair to the Nekkline of the Invers He Head-AND-SHOULEDERS PATTERN. A Break and Close Above the Neckline Completes the Bullish SETUP, which has a target objective of $ 2.76.
This Article Does Not Contain Investment Advice or Recomments. Every investment and Trading Move Involves Risk, and Reads Should Conduct their Own Research when make a deficision.
