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Technical analysis by AzizKhanZamani about Symbol XRP: Sell recommendation (4/22/2025)

https://sahmeto.com/message/3440397
AzizKhanZamani
AzizKhanZamani
Rank: 142
3.3
Sell،Technical،AzizKhanZamani

XRP is showing strength after defending the $2 value area low, rejecting downside pressure from the recent swing low at $1.60. The bounce opens the door for a move back into the value area high region.Key Points:$2 support has held, with a confirmed swing failure pattern below $1.60.Value area high near $2.30 aligns with descending channel resistance.While price remains within a high time frame descending channel, the current bounce could trigger a short-term rally toward the top of the range. As long as $2 holds and volume improves, a 15% upside rotation remains likely. But without volume confirmation, price may stay range-bound.XRP is holding key support above $2 after a swing failure at $1.60, setting up a potential 15% move toward the range high. However, low volume remains a concern, and price action may stay rotational within a descending channel until a confirmed breakout occurs.

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$2.15
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