$XRP DIPS — Bear Trap or Breakdown?
#XRP #Crypto2025 #Altcoins #DYOR
Current Status:
• Trading below $2.50 and 100-hour SMA
• Key support: $2.350
• Resistance trendline: $2.420
📉 Bearish Breakdown or Setup for Reversal?
XRP dropped from $2.650 → $2.348, forming a short-term bearish channel. But bulls are holding key ground.
Key Levels to Watch:
Support:
• $2.350 — Crucial short-term zone
• $2.320 — Breakdown point
• Below $2.32? Bears eye $2.20 → $2.12
Resistance:
• $2.420 — Trendline pressure
• $2.50 — Fib & breakout zone
• Break above = $2.60 → $2.68 → $2.80?
📊 Indicators:
• MACD: Bearish momentum
• RSI: Below 50 — neutral-to-weak
Conclusion:
A bounce from $2.35 could flip the script fast.
Fakeout or breakdown? Traders, watch $2.50 like a hawk.
