XRP is currently moving within a sideways channel, awaiting a clear breakout direction. The key support lies at 89 THB, which coincides with the previous swing low and the 100-day EMA. A breakdown below this level would shift the trend into bearish territory.
Trading Strategy:
Fundamental Outlook:
XRP continues to benefit from speculation around potential ETF approvals and the ongoing SEC case. A favorable resolution could act as a major catalyst, supporting a stronger upside move.
Trading Strategy:
- Consider accumulating near the support zone at 89 THB.
- Place a stop-loss if the price falls below 89 THB to prevent further downside risk.
- If XRP holds this support, the first resistance target is 108 THB.
- A confirmed breakout above 108 THB would mark a bullish reversal, opening the way for a retest of the previous highs.
Fundamental Outlook:
XRP continues to benefit from speculation around potential ETF approvals and the ongoing SEC case. A favorable resolution could act as a major catalyst, supporting a stronger upside move.
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