XRP just bounced off a well-respected demand zone (2.12164 – 2.14700) and is now pushing upward with volume. After a multi-day downtrend, this sharp reaction from buyers could signal a short-term trend reversal.
Key Levels to Watch:
Demand Zone (Support): 2.12164 – 2.14700
First Bullish Target: 2.21594 (minor resistance + previous flip zone)
Second Target: 2.26833 – 2.30030 (supply zone + key rejection area)
Major Supply: 2.31300+
Why This Matters: This bounce aligns perfectly with upcoming USD-impacting news – potential catalyst for breakout volatility. The 15-min structure is showing higher lows, suggesting bulls are regaining short-term control.
Bullish Case: A clean break and close above 2.215 could open the door for a run toward the 2.30+ zone. Volume confirmation will be key.
Bearish Risk: If XRP fails to hold above 2.13 and falls back into the demand zone, this move could be a bull trap – so keep your stop loss tight.
Watchlist Alert: This setup is perfect for scalpers and intraday traders looking for high-probability, low-risk opportunities.
What do you think? Fakeout or breakout? Drop your thoughts below!
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