$XRP Chart Analysis:
Strong Rebound from Support Zone:
XRP rebounded sharply from the $2.10–$2.12 support zone, showing a bullish engulfing pattern on strong volume. This indicates buying interest at lower levels.
Volume Confirmation:
A noticeable increase in volume alongside the price rise suggests momentum is picking up. This adds conviction to the ongoing move.
Resistance Ahead:
Immediate resistance is near $2.25, which has previously acted as a rejection zone multiple times.
A breakout above $2.25 could push XRP toward the $2.35–$2.40 range, which marked recent highs.
Trend Formation:
XRP appears to be forming a higher low structure, signaling a potential trend reversal from the recent pullback.
Key Support Levels:
Support lies around $2.15, and stronger support is near the $2.10–$2.05 region.
Holding above $2.15 will be critical for bulls to maintain control.
