XRP is still looking solid after bouncing hard from that recent dip, but it’s sliding right up to the same heavy supply zone that’s shut down pumps before, so what’s next around $1.60 feels super important rn. 🖤
XRP Daily Chart Tea 🌑
On the daily chart XRP stays cruising way above those moving averages after the wild August breakout. Recently price grabbed fierce support near the $1.25-$1.32 demand area that lines up with the upper average before ripping into another sharp recovery. ✨ That bounce has shoved it back toward the big $1.60-$1.70 supply wall. Latest candles show consolidation around $1.54 after multiple tries at $1.60-$1.65 got smacked down, which means sellers are still lurking there 😈
The bigger picture stays bullish tho as long as XRP keeps printing those higher lows. A clean daily close above the $1.60-$1.70 resistance could spark major bullish vibes and open the door to even higher targets. 📈 On the flip side that $1.25-$1.32 zone is the must-hold daily floor. Losing it would wreck the current bullish setup and maybe drag price down toward the deeper $0.93-$0.97 support pocket. 💀
4-Hour XRP Vibes With That Ascending Trendline ✨
The 4-hour view paints a nice string of higher lows coming up from the September low near $1.25. An ascending trendline has backed the recovery and is now meeting price around the $1.51-$1.53 zone. 👀 XRP just tapped $1.60 only to get rejected then drifted back into this rising support. Recent candles hint at a fresh bounce attempt off the line with price climbing toward $1.54 again. As long as the structure holds another run at the $1.60-$1.70 supply zone could happen 🔥
The next hurdle is reclaiming those $1.60-$1.62 highs. Breaking above would pull the top half of the resistance zone into play and keep the broader rally alive. 💸 If it cracks below the trendline tho the short-term setup gets shaky and the $1.42-$1.45 demand spot becomes the new focus. A break there could open the bigger $1.22-$1.28 area where this latest recovery started. 🌙
Just another echo from the void by iconofsin.eth 💖
