$XRP STUCK IN A RANGE – BREAKOUT OR BREAKDOWN NEXT?
$XRP/USDT is trading at $2.0908 after bouncing from the $2.0803 low. Price action remains sideways with tight consolidation below resistance. Volume is decent at 335K, and the order book is split nearly evenly (49.68% buy vs 50.32% sell), signaling indecision.
Key Levels to Watch:
• Resistance Zone: $2.0980 – $2.1120
A breakout above this area could ignite a short-term rally.
• Support Zone: $2.0800 – $2.0700
A breakdown from here might accelerate losses toward $2.0500.
Trade Setup:
• Bullish Entry: Break above $2.0980
• TP1: $2.1120
• TP2: $2.1250
• Bearish Entry: Break below $2.0800
• TP1: $2.0700
• TP2: $2.0500
Stop-Loss Guidance:
• Bullish: Below $2.0800
• Bearish: Above $2.0980
With tight rangebound movement, wait for a decisive breakout before taking positions.