The recent price movement of XRP highlights a resonance phenomenon of multiple technical indicators in the key support range, including high timeframe support, the 0.618 Fibonacci retracement level, and the dynamic overlap of the 50-day MA. This signal reinforces the sustainability of its bullish market structure and provides a technical foundation for breaking historical highs. This article will conduct an in-depth analysis from three dimensions: the effectiveness of support, market structure characteristics, and volume demand, assisting encryption investors in capturing subsequent trend opportunities.
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The recent price movement of XRP highlights a resonance phenomenon of multiple technical indicators in the key support range, including high timeframe support, the 0.618 Fibonacci retracement level, and the dynamic overlap of the 50-day MA. This signal reinforces the sustainability of its bullish market structure and provides a technical foundation for breaking historical highs. This article will conduct an in-depth analysis from three dimensions: the effectiveness of support, market structure characteristics, and volume demand, assisting encryption investors in capturing subsequent trend opportunities.