📉 $XRP /USDT: Critical Support Test – Can Bulls Regain Control?

🔍 Current Price Action:

Rejection at Highs: XRP faced resistance at $2.359, leading to a pullback below $2.30 and the 100-hour SMA.

Key Support Held: Price found a temporary low at $2.222, now consolidating near $2.220 (triangle support).

Immediate Resistance: $2.2650 (SMA barrier) → $2.30 (61.8% Fib retracement level).

📊 Key Levels:

✅ Support Zones:

$2.220 (Triangle support, must hold for bullish case)

$2.20 (Psychological level, breakdown risk below)

$2.160 (Next major support if bearish continuation)

🎯 Resistance Zones:

$2.2650 (100-hour SMA, first hurdle)

$2.30 (Break needed for bullish momentum)

$2.35–$2.42 (Next targets if breakout occurs)

⚡ Scenario Analysis:

🐂 Bullish Case:

Hold above $2.220 + Break above $2.30 → Rally toward $2.35–$2.42

Triangle breakout could fuel a new uptrend

🐻 Bearish Case:

Loss of $2.220 → Test $2.20, then $2.16 if selling accelerates

Continued SMA rejection keeps pressure on buyers

📉 Technical Indicators:

Hourly MACD: Bearish momentum (but watch for reversal)

Hourly RSI: Below 50 (neutral-bearish, needs recovery)

💡 Trading Strategy:

Longs: Wait for $2.30 breakout with volume confirmation

Shorts: Consider only if $2.20 breaks with follow-through

Stop-Loss: Below $2.20 for longs, above $2.30 for shorts

🔗 Trade $XRP on your preferred exchange.

Why This Matters?

XRP is at a make-or-break zone – $2.220 holds the key for the next move

A clear breakout above $2.30 could trigger FOMO buying toward $2.42

Failure to hold support risks a deeper correction to $2.16