V-Shaped Rebound Sets Target at $3.40

Global economic tension and regulatory development continue to affect the XRP price action, while the digital asset shows remarkable resistance despite recent volatility.

After the XRP experienced a significant decline to $ 2.307 to a high volume, he created an upward trajectory with a number of higher minimums, indicating continuing momentum as the level of resistance is closer.

Technical indicators point to a potential bull escape, with more analysts emphasizing critical support to $ 2.35-2.40, which must keep the ascending ascending.

Emphasizing technical analysis

• The price experienced 3.76% of the range ($ 2,307-2,396) for 24 hours, with a sharp sale at 16:00 to $ 2.307 to a high volume (77.9 m).
• Strong support appeared at $ 2.32, while the buyers entered a high volume period, especially during recovery 13: 00-14: 00.
• Asset created an ascending trajectory that formed a higher minimum below, with a resistance of around $ 2.39 tested during the 07:00 session.
• In the last hour, XRP climbed from 2.358 to $ 2.368, which represents 0.42% profit with remarkable volume tips at 01:52 and 01:55.
• The price increased in the last resistance to $ 2.36 to reach $ 2.366, later formed a new local maximum at $ 2.369 during a 02:03 session on a large volume (539 987).
• Currently, it maintains strength above the level of support of $ 2.368 with decreasing volatility, indicating the potential continuation of the trajectory ascending.

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