$XRP Momentum Stalling After Local High❗$XRP pulled back after hitting a 24h high of $2.1853 and is now trading at $2.1409, down -0.85% on the 15-minute chart. Despite earlier bullish momentum, a red engulfing candle signals buyer fatigue as bears try to regain control.
Snapshot:
• Current Price: $2.1409
• 24h High: $2.1853
• 24h Low: $2.0801
• RSI(6): 30.10 – nearing oversold zone
• Stoch RSI: 36.22 – downward momentum developing
Key Levels:
• Resistance: $2.1600 / $2.1850
• Support: $2.1200 / $2.1000
Technical Take:
The recent rejection near $2.1685 triggered a strong short-term pullback. RSI is approaching oversold territory, indicating a possible bounce setup. However, any continuation below $2.12 could open doors to deeper correction.
Action Point:
Watch the $2.12 support zone closely. A break below may trigger more selling. If bulls defend this area, a recovery attempt toward $2.16 might follow.
Short-term bias leans cautious—wait for volume confirmation before re-entering.
buy and trade $XRP