Bulls Paused… or Tapping Out? XRP Momentum Takes a Breather
Looks like the bulls ran out of steam—XRP slipped from $2.25, and now we’re eyeing what’s next. Here’s the latest:
Quick rundown:
XRP dropped from $2.25, failing to hold the highs.
Currently below $2.20 and the 100-hour SMA.
A pesky downtrend line is chilling around $2.1950, acting like a gatekeeper.
If XRP can close above $2.20, we might see the bulls wake up again. But for now? Caution flags are up.
XRP Slips… Again
After flirting with $2.25, XRP couldn’t keep it together—fell below $2.220 and $2.20 supports. The price even kissed $2.1320, ouch.
Now it’s just consolidating, licking its wounds. Watching that 23.6% Fib retracement (~$2.1780) as a potential bounce spot. But the main hurdle? Still that $2.20 zone, lining up with the 50% Fib.
A clean break above $2.220 could open doors for a climb back toward $2.25, maybe even $2.32 – $2.35. And if the bulls really want to flex, $2.50 is the next big milestone.
But If It Breaks Down…
If XRP fails to reclaim $2.20, we could see another leg lower. First soft landing? Around $2.1380, then $2.1320.
Break below that? Yikes—$2.08 or even $2.05 could be in sight.
Tech Check:
MACD: still leaning bearish.
RSI: below 50—momentum’s not bullish right now.
Key Levels to Watch:
Support: $2.1320, $2.080
Resistance: $2.20, $2.250
Bottom line? The bulls are catching their breath, but haven’t thrown in the towel just yet. A break above $2.20 could revive the rally—but fail there, and we might dip further.
Stay sharp, trade smart—and don’t chase those green candles!
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