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Technical analysis by Prophecy_Trading about Symbol XRP on 3/24/2025

https://sahmeto.com/message/3373081
Prophecy_Trading
Prophecy_Trading
Rank: 763
2.9
،Technical،Prophecy_Trading

📈 Market Overview:Bitcoin is showing signs of renewed strength and is currently trading above $88,000.The Russell 2000 is leading the stock market rally, up over 2%, historically correlated with BTC.Bitcoin’s recent low came with bullish indicators, including RSI and MACD curling upward.📊 Key Technical Levels:BTC Dominance: Watching for a rejection at the 0.702 Fibonacci retracement level, signaling capital rotation into altcoins.Support Levels: Holding above 200-week MA confirms bullish momentum.Resistance Levels: The psychological barrier at $100,000 remains a key target.🚀 Altcoin Market Outlook:XRP remains stable at ~$0.246–$0.247, with potential for a breakout.Altcoins could see a strong rally once BTC dominance starts to decline.🔍 Final Thoughts:Bitcoin appears to be in a grinding phase, climbing the “wall of worry” before major FOMO kicks in.The current price action aligns with past range-bound consolidations, often unpredictable but bullish in structure.Momentum favors the bulls, but expect volatility—just remember, choppy action is part of the process.📢 Stay patient & follow the trend! Are you bullish or bearish? Drop your thoughts below! 🚀📉

Translated from: English
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Signal Type: Neutral
Time Frame:
1 day
Price at Publish Time:
$2.46
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