XRP Price Support and Technical Analysis Insights
- Critical Support Level: XRP successfully defended the $1.10 support on June 11, trading around $1.12 with a 24-hour trading volume of approximately $1.94 billion, indicating strong buyer support despite a 4.47% weekly decline, suggesting a recovery in market confidence.
- Technical Signal: Analyst Ali Charts highlighted a TD Sequential buy signal on XRP's 3-day chart, with historical data indicating that such signals typically lead to short-term rebounds, potentially providing upward momentum for investors and enhancing market sentiment.
- Increased Investment Inflows: XRP-focused investment vehicles attracted $1.19 million in net inflows, pushing total assets toward $948.98 million, although this inflow reflects a positive trend, it remains below previous peak levels, indicating a cautious stance among market participants.
- Elliott Wave Outlook: Technical analysis suggests XRP may form a three-wave structure targeting price levels between $2.39 and $3.11, with potential short-term retracement to $1.46, yet the overall trend points to a strong rebound potential, necessitating attention to key resistance level breakthroughs.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000685 | 0.00000848 | 0.00001 | 0.0000117 | 0.0000132 | 0.0000149 | 0.0000164 |
| Fibonacci | 0.00000848 | 0.0000097 | 0.0000105 | 0.0000117 | 0.0000129 | 0.0000136 | 0.0000149 |
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