Well, well, well! Just like a rabbi at a buffet, XRP has taken a big bite out of the market, soaring to $3 faster than you can say “schmuck!” Investors are dancing in the streets, thinking the bull market is back, but let’s not get too carried away, folks! 🕺💃
By Edris Derakhshi (TradingRage, or as I like to call him, the Crypto Nostradamus!)
The USDT Paired Chart
On the daily chart of the USDT pair, our little XRP has bounced off the $2 support level like a rubber chicken, zooming up to the $3 resistance level in a single day! That’s almost a 50% price increase! Talk about a rollercoaster ride! 🎢
But hold your horses! The market is now getting rejected from the $3 area like a bad date. If it doesn’t break through soon, we might see another bearish wave crashing down, pushing prices back toward the 200-day moving average, which is hanging out around the $1.6 mark. Ouch! 😱
The BTC Paired Chart
Now, let’s take a look at the XRP/BTC daily chart, which is looking a bit more promising than a free buffet! This asset has already broken above the key 2,800 SAT level and is strutting its stuff above it. 💃
However, today’s price action is like a bad sitcom—full of corrective pullbacks! A return to the 2,800 SAT zone seems likely in the short term. If it holds, we might just find our footing to launch another attack toward the 3,400 SAT resistance area in the coming weeks. Fingers crossed! 🤞
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2025-03-03 17:14