π XRP Eyes Critical Breakout Zone - Bulls Poised for Action? π₯
$XRP is trading at $2.42, showing resilience after the October 10 selloff and forming a symmetrical triangle - a classic setup hinting at a potential breakout.
π Key Signals:
β’ 20-day SMA crossed above 50-day SMA β early bullish momentum building.
β’ Resistance zone: $2.50β$2.70 - decisive for confirming an uptrend.
β’ RSI at 49 β market in balance; next surge in volume could dictate direction.
π XRP Price Outlook:
β’ Bullish scenario: Close above $2.50 β potential rally to $2.70.
β’ Bearish scenario: Rejection or drop below $2.30 β risk of decline to $2.10.
π My View:
XRP is at a tipping point - traders are watching closely. The next move could set the tone for its medium-term trend.
WhiteBIT Chart (5D): XRP|USDT