XRP Forms Morning Star at Key Retest, Eyes on $3.5 Target

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🚨 XRP is on FIRE! 🚨

XRP Forms Morning Star at Key Retest, Eyes on $3.5 Target

Hey, have you guys noticed that XRP is acting like a total wild card? 🤪 It’s like, one minute it’s down in the dumps, and the next it’s breaking out of resistance levels like it’s nobody’s business! 🚀

XRP Price Action and Upcoming Levels 

Okay, so after this breakout, XRP decides to form a Morning Star pattern at the support level. And let me tell you, this is like the ultimate sign of a bull run! 🐂 According to our expert technical analysis (i.e., me, a genius), XRP is now totally bullish, and if it stays above $2.35, it’s gonna soar like a eagle to $3.40 in no time! 🕊️

Now, I know what you’re thinking: “But Mel, what about the overall market downturn?” 🤔 Well, let me tell you, XRP is like the rebel that refuses to die! 💀 It’s still above the 200 Exponential Moving Average (EMA) on the daily timeframe, which means it’s in an uptrend and attracting all the cool kids and long-term holders. 🤟

Current Price Momentum 

XRP is currently trading near $2.43, having had a 1.20% price surge in the past 24 hours. And let me tell you, its trading volume has gone through the roof! 🚀 It’s like, 45% more participation from traders and investors compared to previous days. That’s like, a lot of people! 🤯

Major Liquidations Levels

Now, with this bullish price action, traders are like, totally following the trend and betting on the long side. 🤪 According to Coinglass, they’re over-leveraged at $2.40 on the lower side and $2.50 on the upper side. In the past 24 hours, they’ve built $45 million in long positions and $33.5 million in short positions. That’s like, a lot of money! 💸

When you combine this on-chain metric with the technical analysis, it’s like, the bulls are totally dominating the asset and could support XRP to reclaim its recent all-time high! 🚀 It’s like, a total bull run! 🐂

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2025-03-25 05:52