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Mr.Arshman

06/16 10:35

XRP Eyes $2.4 Target as Bullish MACD Crossover Sup

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$XRP reclaimed the $1.28 level after spending nearly two weeks trying to stop its decline. The token moved above $1.14 and $1.18 before extending higher on its strongest volume since the early-June washout. In an X post, analyst BATMAN said the accumulation and manipulation phases appear complete. However, according to analysts, a bullish MACD crossover points to a possible momentum shift. The $XRP chart shared by the analyst shows three marked phases, including accumulation, manipulation, and a projected distribution area. The accumulation phase appeared between late February and late May. During that period, $XRP mostly traded between the $1.30 and $1.50 area after a sharp decline earlier in the year. The price stayed inside that range for several weeks. That movement showed limited direction before the early-June breakdown pulled $XRP below the accumulation zone. According to BATMAN’s, $XRP entered a manipulation phase in early June after falling below the earlier accumulation range. The token dropped toward the $1.10 area before rebounding as buyers returned. However, the price remains near the former accumulation base around $1.30, which now acts as the first major resistance level. A daily close above $1.30 would place $XRP back inside its previous trading range. It would also support a stronger recovery from the early-June breakdown. However, the MACD also supports the short-term recovery attempt. The histogram moved into positive territory near 0.0101, while the MACD line stood around -0.0478. The signal line was near -0.0579. That means the MACD line crossed above the signal line, showing that bearish momentum has weakened. On the downside, $XRP needs to hold the $1.15 to $1.20 recovery zone. A drop below that area could weaken the rebound and bring the June low near $1.10 back into focus. In an X post, analyst J
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