๐ #GateSquareCommunityChallenge# Round 1 โ Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! ๐ฐ
Join:
1๏ธโฃ Follow Gate_Square
2๏ธโฃ Like this post
3๏ธโฃ Drop your answer in the comments
๐
Ends at 16:00, Sep 17 (UTC)
XRP Price Analysis :
Strong buying activity emerged in the $2.85โ$2.86 range, likely driven by institutional accumulationโespecially from South Korean exchanges. This helped stabilize price and counter selling pressure following a prior decline from ~$3.02.
Analysts highlight key resistance around $3.02. A successful break above this level could open the path for a broader rebound.
There's a split in view: some see the $2.80โ$3.00 zone as a strategic entry point for bullish continuation, while others warn of a deeper correction if that support fails.
XRP is tightly coiling; watch $2.80โ$2.92. A breakout above $2.99โ$3.10 could fuel a bullish push, while a drop below $2.75 could escalate losses to $2.60 or lower.
XRP is range-bound around $2.8โ$3.0. A breakout above $3.35 could signal bullish continuation, while dipping below $2.72โ$2.80 could portend deeper correction.
Substantial support around $2.80, with key defensive layers also near $2.58 and $2.43. A breakdown below these could usher in a deeper slide.
Strong resistance resides between $2.99โ$3.10, with a pivotal breakout zone around $3.25. Breaching this could attract renewed buying.
If price breaches below $2.75, risk of slide to $2.60
A rebound above $2.92 could spark a retest of $3.09 resistance zone.
XRP held steady on August 31, showing resilience at key support and consolidating above $2.80. The buying seen near $2.85โ$2.86 helped offset recent downward pressure. However, the path ahead depends on whether it can push past the $3.02 resistance level. Holding above $2.80 keeps bullish scenarios alive, but a failure could signal more downside.
Let me know if you'd like to zoom into intraday indicators (like RSI or MACD), analyze breakout potential for early September, or compare this setup with other assets.
#XRP#
โ #TopContentChallenge#