$XRP Technical Analysis – XRP/USDT (April 29)
XRP is in a well-defined downward channel. After reaching a low close to 2.22 USDT, the price rebounded with a bullish candle, indicating a reaction from buyers in this support area. This movement occurs after several consecutive red candles, indicating a probable loss of strength from sellers.
The blue trend lines mark key levels:
Block zone (resistance): 2.28 – 2.30 USDT
Major support: 2.22 USDT (already tested)
A bullish reversal remains possible in the short term if XRP breaks and closes above 2.25-2.26 with volume.
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Trading Signal (short term)
Entry point: 2.2465 – 2.2500 USDT (if bullish signal with volume)
Target 1: 2.2800 USDT
Target 2 (extension): 2.3000 USDT
Protection (stop): 2.2200 USDT
Type: Swing trading (1 to 3 days)
Note: Wait for a clear signal above 2.25 with a well-formed candle. Medium risk. To be monitored if rejected below 2.26.
