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#XRP
๐ฅ XRP has now rebounded to the moving average level, which is a key resistance point. How it moves next will be clear soon. ๐
๐ข Bullish opportunity
If the price breaks above the moving average:
๐ It is expected to first surge to $1.61
Then higher:
๐ The downtrend line (the real hurdle)
โ ๏ธ The bears will definitely defend here
๐ Once the closing price breaks above the trend line
๐ It is very likely to trigger a trend reversal ๐
๐ด Bearish risk
If the price weakens again:
๐ Break below $1.27
That indicates:
๐ The bears still dominate the market
The downside space opens:
Watch $1.11
And even test the support line near $1 โ ๏ธ
๐ฏ One sentence summary
Break above the moving average: look for $1.61