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The price has reached a new yearly high and is in a strongly overbought zone. If it manages to hold above the key support level of $26.5, the price is likely to continue its uptrend.
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XRP has won a legal case. The price has started pumping and is in a highly overbought zone, even on the weekly timeframe. Be cautious as the price may experience a significant correction for a retest of support levels.
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The price has reached a new yearly high. A breakout of one of the boundaries of the formed pattern will determine the further trend direction. The mentioned weekly moving averages serve as strong support and resistance levels.
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The market has started pumping after a positive court decision regarding XRP. The price is attempting to break through two trend lines. The market is in a strong overbought condition. Be cautious!
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The price continues to pump following the news of trading starting on the EDX exchange. The price is currently in an extremely overbought zone. Be cautious, as the correction after the pump is expected to be very strong. The nearest strong support level is the Point of Control (POC) zone and the weekly 100 MA.
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The price is approaching a strong support zone at the weekly 50 EMA. It could bounce up from this support level and break the descending trendline. However, if the 50 EMA is breached, the price may drop towards the weekly 100 MAs, forming a descending channel.
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The price has formed an ascending channel and is attempting to break above the middle line. A successful break above the middle line would potentially propel the price towards the upper boundary of the channel. On the other hand, a break below the lower boundary could lead to a sideways movement or initiate a local downward trend towards the $1 zone.
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The price has successfully held above the $30,000 level, which is a key support level. A break below this level could initiate a local downward trend and potentially lower the price towards the weekly 100 EMA (Exponential Moving Average). On the bullish side, a scenario could involve a rise in price towards strong resistance levels at $32,000 and $34,000.
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The price has broken above the resistance of the descending trendline and the weekly 100 and 200 EMAs. It may attempt to retest the $100 level before the upcoming halving event in August. The price is in a highly overbought zone, which could result in a correction to test support levels. The nearest significant resistance levels are the weekly 100 and 200 SMAs.
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The price has formed strong bearish divergences near the upper boundary of the channel. The bearish scenario suggests a potential decline towards the lower boundary of the channel. However, there is also a possible bullish scenario to consider.
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