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- XRP shows signs of bullish reversal, trading above critical support zones, aiming for higher price targets.
- Analysts eye XRP’s target levels: $4.0532, $4.6947, and $5.3925 as key milestones for continued growth.
- RSI indicates strong buying momentum, supporting further gains for XRP as it breaks key resistance levels.
XRP, which is currently traded at $2.52, has displayed clear signs for a bullish reversal. Rose Premium Signals highlighted that the cryptocurrency has been showing great accumulation. With XRP trading above-critical assembly zone, it is likely to keep on trekking above for higher targets. Such a change in market structure portends an upside for token.
Analysts are now staring at important target levels for XRP, where the first target has been laid at $4.0532. The second target appears at $4.6947, and the last is at $5.3925. These price levels are massive turning points if the bullish pressure is maintained. If token maintains the course of growth, these levels may prove to be important milestones.
On the daily chart, the XRP has managed to break a resistance line that has been holding for a while since January 17. This development is seen as a positive technical indication that is a continuation of the bullish trend in token. The price action of the cryptocurrency continues to provide upward momentum as the market becomes more confident about buying.
Source: X
XRP Bullish RSI Momentum
The Relative Strength Index (RSI) is at present in a bullish region meaning that there is a lot of buying pressure. A high RSI indicates that momentum favor buyers and there are high chances that XRP may experience further gains. This technical indicator is highly utilized by traders to measure the strength of a trend and in this case, there is an indication for further upward movements for XRP.
If these levels for XRP are exceeded, the support levels will be $2.3620 and $2.4690. These prices levels are paramount in order to maintain the current bullish structure. If XRP gets lower compared to these levels then the trend might reverse but if XRP manages to stay above these supports then the trend is to move upwards.
The resistance levels are at $2.6553 and $3.3330. These levels indicate possible barriers to further increase in price. Nevertheless, if XRP achieves to overcome these resistances, it will create a bridge for price growth towards its objectives.
Source: X
XRP’s technical arrangement is highly bullish reversal set up. With crucial support and resistance level in the game, token price action is likely to face new highs. The next 3rd wave might give the push that token needs in order to move forward to its final target of $5.3925.
