๐ซ๐ฅ๐ฃ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฃ๐ฟ๐ฒ๐ฑ๐ถ๐ฐ๐๐ถ๐ผ๐ป โ ๐ ๐ฎ๐ ๐ฎ๐ฌ๐ฎ๐ฑ ๐ข๐๐๐น๐ผ๐ผ๐ธ!
Is a breakout coming, or more sideways action ahead?
โ Current Price: ~$2.36
โ Trend: Neutral โ no strong direction yet
โ Key Support & Resistance Zones:
โข Support: $2.30 โ then $2.10โ$2.15
โข Resistance: $2.44 โ then $2.60
โข Major Fibonacci Resistance: $2.55โ$2.62 (Golden Pocket)
๐ Whatโs the Chart Saying?
XRP has dropped below the $2.44 support zone โ a short-term bearish signal. It's now hovering just above $2.30, trying to find its footing.
If the price breaks below $2.30, expect a drop toward the $2.10โ$2.15 zone.
But if XRP climbs back above $2.44 and especially clears $2.62 with strong momentum, it could trigger a bullish rally toward $2.90 or higher.
๐ Bullish Signal to Watch: Inverse Head & Shoulders Pattern
A potential bullish reversal pattern (Inverse Head & Shoulders) might be forming โ but it's not confirmed yet.
To confirm the pattern:
XRP would dip to $2.10โ$2.15 (right shoulder)
Then rebound back toward $2.60
Finally, break above $2.60โ$2.62 with a strong daily close
โก๏ธ If this plays out, XRP could target $3+ and possibly retest all-time highs.
๐ Summary โ What to Watch in May
โ $2.30: Immediate support
โ $2.44: First resistance
โ $2.60โ$2.62: Golden breakout zone
โ $2.90โ$3.00: Bullish target if breakout confirmed
XRP is in wait-and-see mode โ but a big move could be coming. Keep an eye on those key levels for your next move!