ACarruba
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ACarruba
Let’s dive into what’s happening with XRPUSD right now and why this could be an exciting moment! Here's what I’m seeing:🔍 Key Levels on the Chart:The price has recently consolidated within the Golden Zone (based on Fibonacci retracement) from $2.70 down to $1.95.Before this, XRP consolidated in the previous Golden Zone created from the $1.30 to $2.90 move before taking off.🔥 What This Means:Golden Zones often act as strong support/resistance levels, and price action is currently respecting these areas! This consolidation in the current zone suggests that XRP is gearing up for its next potential move.📊 Indicators to Watch:RSI: Mid-range, giving plenty of room for an upward move.MACD: Momentum is starting to shift upward, showing potential for a bullish breakout.Stochastics: Hovering at mid-levels, hinting at a possible bounce.🚦 Key Levels to Break:To confirm another leg up, XRP needs to break above the $2.40–$2.45 area with strong volume. If it does, we could see the next big run!⚠️ What to Watch Out For:If the price fails to hold within this Golden Zone, it could test lower levels. Always manage your risk and use stop-losses!💡 My Take:The consolidation in the Golden Zone is a bullish sign, but confirmation is key. Let’s see if XRP has the momentum to break out and make another run.What are your thoughts? Let’s discuss in the comments! 👇
ACarruba
I could see it test the bottom of the Golden zone overnight around 2.27. If that holds it will make a higher low and start making its way back up to test the high. Lets see where she goes.
ACarruba
Based on the Fibs i think it can retrace back up. Had to have a pull back.
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