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XRP (@jacobcanfield) selected as a prominent performance between Altcoins, and the exchange of the price scheme on X, which confirms the last momentum of the distinctive symbol. While most Altcoins offer two numbers in recent days, the XRP price has stood very well.
XRP builds a strong momentum
The daily XRP/USD contract on BYBIT is a fixed climbing of $ 0.50 in early November to a current unification zone of about $ 3.10. The overall image shows a series of upper heights and upper declines, confirming the XRP continuous structure.
The initial gathering began less than $ 0.50, and the momentum was raised until November and early December. By late December, XRP reached a $ 2.00 region, and a short -time unification before continuing to move up. About mid -January, the distinctive symbol exceeded $ 3.00, leading approximately $ 3.20 before the decline experience.
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The Canfield scheme highlights many main support and resistance levels, including the pink order area ranging from $ 1.90 – 2.00 dollars that have worked over and over as a strong base whenever the price decreases. A sharp fuse in this region, followed by a rapid recovery, indicates that the bulls are constantly defending the $ 2.00 threshold.
Top on the graph is a black horizontal line near $ 2.90, which represents the local summit in early December 2024 and now works as support. The historical support levels of XRP – which are offered at $ 0.5478, $ 0.3125, and $ 0.1778 – are much lower than current market prices but provide a context for the important areas that have been observed in previous trading sessions.
Modern candles patterns reflect noticeable fluctuations of about $ 3.00. It took a sudden decrease in the market for less than $ 2.65, but the price recovered almost quickly. This type of sharp decrease, recovery of adequate liquidity and preparation among merchants is often involved to accommodate sale orders. The candlestick group, which is close to 3.05 to $ 3.10, indicates a balance between the purchase and pressure of pressure in a central resistance area; The decisive action up or down may determine the tone of momentum in the short term.
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In his brief but certain comment – “XRP – unlawful to the best altcoin in Crypto now” – Canfield expresses a bullish point of view based on the structure of the clear chart and flexible demand. It refers to the strength of the upward trend, the well -defined support and resistance levels, and what appears to be a strong interest in defending the main areas.
Although he did not provide explicit goals for the price, the graph reveals the importance of maintaining more than $ 3.00 which is compatible with the Fibonacci 0.5 collapse (derived from the peak of mid -January) and may exceed $ 3.24 (0.786 levels of replacement Fibonacci).
In the worst scenario, deeper correction can reconsider the demand area of $ 2.00, as XRP has found great support in recent months. Whether XRP can maintain its location and build on its traction on the market, it still must be seen, but its technical framework has attracted the attention of many merchants looking for altcoins with strong direction dynamics.
Distinctive image created with Dall.e, Chart from TradingView.com
