cryptonewsland.com
- XRP faces a critical price test between $2 breakout or $0.75 retest.
- Key indicators suggest potential bullish momentum with crucial levels at $0.75 and $1.
- Traders must stay patient and strategic amid volatile moves and upcoming market shifts.
Ripple’s XRP is at a critical juncture as prices teeter between a breakout to $2 or a slide to $0.75. This moment feels like a high-stakes game, and traders are paying close attention. Egrag Crypto dives into key weekly indicators to shed light on what might come next. Let’s break down the crucial levels and trends shaping XRP’s path forward.
#XRP: We Are in the Psychological Zone! ($2 or 0.75c):
Right now, it's make-or-break for #XRP! Either we fly high 📈 or face a major retest (0.75c) 📉. Let me break it down for you using key indicators on the weekly timeframe:
🛠 Indicators in Focus:
1️⃣ SSMP Diagram
2️⃣ Stock… pic.twitter.com/iRHK5BJrRl— EGRAG CRYPTO (@egragcrypto) November 17, 2024
The Battle at $0.75
The SSMP Diagram identifies $0.75 as a make-or-break level. In the past, this zone served as a launchpad for significant gains. Now, this area must hold firm to prevent a deeper drop. A weekly close above $1 could signal strength, but failure may lead to $0.75 as the next stop.
The Weekly Stock RSI offers hope by showing room for expansion toward 88-100. This suggests bullish energy remains, hinting at potential upward moves.The RSI currently sits at 77, firmly in the bullish zone. During past bull runs, RSI levels reached 95.75 in 2017 and 87 in 2021.
This comparison shows there’s still room for growth if history repeats. The MACD has a history of predicting XRP bull runs. Previous cycles began in December 2017 and April 2021, each lasting 7-8 weeks. Egrag Crypto believes November 11, 2024, marked the start of the current cycle.
What Next for XRP?
The big question looms: $2 or $0.75? Egrag Crypto anticipates a BTC dip in early December, potentially dragging XRP lower before the bull run resumes. Euphoria often tempts traders to hold longer than necessary.
Savvy investors should plan exits carefully, avoiding steep losses after sudden spikes. A portion of holdings should remain untouched for the long-term utility-driven bull run expected in the future.This moment challenges XRP holders to stay strong and focused.
Egrag Crypto emphasizes patience and strategy during this psychological test. Success lies in preparation and discipline. XRP stands at a crossroads, and the community must embrace both possibilities as this story unfolds.