$XRP STRUGGLING TO RECLAIM $2.54 – IS A BREAKOUT OR DROP COMING?
$XRP is trading at $2.5394, hovering just below resistance after bouncing from a local low at $2.5372. With volume at 216.89K, bulls are showing effort—but rejection near $2.5458 is keeping price pinned.
Key Technical Zones:
• Resistance: $2.5458 – Needs a clean breakout to confirm bullish continuation.
• Support: $2.5200 – Must hold or downside pressure may resume.
Trade Setup – Crucial Zone Ahead
Bullish Breakout Setup:
• Entry Zone: Above $2.5460
• TP1: $2.5800
• TP2: $2.6140
Bearish Breakdown Setup:
• Entry Zone: Below $2.5200
• TP1: $2.4850
• TP2: $2.4420
Stop-Loss:
• For Longs: Below $2.5250
• For Shorts: Above $2.5500
$XRP is stuck in a squeeze. If buyers push above $2.5460 with strong volume, it could quickly accelerate. Until then, trade with caution near resistance.
