$XRP Ready for Big Move? Breakout or Fakeout? Let's Watch Closely🔐🔑👇
XRP/USDT Chart Update📉
Current Price: 2.2487 USDT
Timeframe: 1D & 1H Charts
Chart Breakdown:📊
1D Timeframe: $XRP is currently consolidating inside a major resistance zone ⚡. The price is struggling between 2.20$ - 2.25$. Strong support is visible near 2.02$.
1H Timeframe: After a Break of Structure (BOS), it’s entering a retracement phase. Demand zone is acting between 2.21$ - 2.23$.
Trend Signal:📈
On the daily chart, price movement is sideways ➡️, but a breakout signal could appear soon.
On the hourly chart, bullish reversal signs are starting to build.
Why Bullish Bias:🔥
Clear CHoCH (Change of Character) visible ✅
Price is holding above the demand zone ✅
Buyer accumulation signs are evident ✅
Trading Strategy Plan:🧑💻
Plan A (Bullish):🔥
If the 2.23$ - 2.24$ support zone holds, we can expect a short-term buying opportunity with targets at 2.28$ - 2.30$.
Plan B (Bearish):❌
If the $XRP price breaks down below 2.22$, we could see a dip towards 2.20$ or even 2.17$.
Important Levels:🌍
Major Resistance: 2.30$ – 2.32$
Major Support: 2.20$ – 2.22$
Pro Tip:🧑🏫
"Victory in trading comes with patience. Rushed decisions are the biggest enemy of a trader." 🧘♂️
Disclaimer:⚠️
Crypto trading carries high risk. Please do your own research and manage your risks properly. This post is for educational purposes only.