CandleFocus XRP in the Psychological Zone: Will Price Soar to $2 or Dip to $0.75?
2024-11-18
Author: Content Editor
The article discusses the current state of Ripple's XRP and its potential path forward. XRP is said to be at a critical juncture, with prices possibly breaking out to $2 or sliding to $0.75. The author analyzes key weekly indicators, including the SSMP Diagram, the Weekly Stock RSI, and the MACD. The SSMP Diagram identifies $0.75 as a crucial level that must hold to prevent a deeper drop. The Weekly Stock RSI suggests bullish energy remains, with room for potential upward moves. The MACD has a history of predicting XRP bull runs, with the current cycle potentially starting in November 2024. The article anticipates a BTC dip in early December that may drag XRP lower before the bull run resumes. The author advises investors to plan their exits carefully and remain patient and disciplined, as XRP is at a crossroads.
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