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Technical analysis by EbonyFalcon about Symbol XRP: Buy recommendation (8/8/2025)

https://sahmeto.com/message/3691785
EbonyFalcon
EbonyFalcon
Rank: 593
2.9
Buy،Technical،EbonyFalcon

My overall bias for XRP is still bullish. I have one major Fibonacci line in the daily chart that I have been using to analyse the price action. The Fib line is drawn from Jan 25 high at $3.40 to April 25 low at $1.58. XRP has been spending most of the last 18 months oscillating in this range. In mid July 2025, the price finally broke above the range but it was short lived and started to retrace. The price found a strong support at $2.73 where Fib 0.618.    It is also a 50% retracement area from the recent high to recent low. All momentum indicators are in the bull zone and plenty of scope to keep moving to the upside. Causions: Daily MACD lines haven't crossed to the upside. The price has hit the major resistance line and is rolling to the downside in the lower time frame.  It has failed to break above it. All the bullish signals are there.   However, it is such a major historical resistance area: it might consolidate and perhaps retrace to fill the fair value gap first before it starts to make a major move to the upside.  (see 4H chart)The price is working its way up. It pulled back to the fair value gap area in 4H and starting to move to the upside. In the daily chart, RSI lines have crossed in the bull zone. MACD lines are about to cross in the bull zone. It is a very nice set up to go long.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$3.31
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