XRP is hovering near the $2.10 support level after a week of steady decline. With bearish momentum building and network activity waning, a decisive move could be imminent.
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TECHNICAL BREAKDOWN:
Resistance: $2.18 – descending triangle upper boundary
Support: $2.00 – psychological level; $1.77–$1.90 – multi-month support zone
Volume: Decreasing – indicating reduced buying interest
RSI: Hovering around 45 – showing bearish momentum
Pattern: Descending triangle – typically a bearish continuation pattern
Breakout Trigger: Close above $2.18 or below $2.00
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TRADE SETUP:
Short Entry: Below $2.00
SL: $2.18
TP1: $1.77
TP2: $1.61
Long Entry: Above $2.18
SL: $2.00
TP1: $2.33
TP2: $2.60
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PRO TRADER INSIGHTS:
Network activity has declined, with daily active addresses dropping to around 30,000, signaling reduced transaction volume and liquidity.
A recent unlock of 1 billion XRP ($2.2B) on May 3, 2025, has increased supply, potentially pressuring prices downward.
The descending triangle pattern suggests a potential 45% drop to $1.20 if support levels break.
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SHORT OUTLOOK: Bearish below $2.00 – potential for significant downside.
LONG OUTLOOK: Bullish above $2.18 – watch for volume confirmation.
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Buy and Trade Here👉$XRP
Trade at Your Own Risk
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