๐งจ Is $XRP About to Erupt? Price Coils Tightly Before Big Move! ๐๐ฅ
XRP is showing serious signs of tension, and a massive breakout could be just around the corner! Letโs dive into the latest price action and what to watch next:
Current Situation
๐ป XRP slipped below $2.40 and even dipped to $2.3157, signaling short-term weakness.
๐ Price is now consolidating between $2.3350โ$2.3650, hovering near the 100-hour SMA and under a bearish trendline at $2.3620.
โ ๏ธ XRP is underperforming compared to Bitcoin and Ethereum, remaining capped below $2.420.
Upside Potential ๐
๐ Price has bounced back above $2.3350, trying to reclaim higher levels.
โ XRP tested the 50% Fibonacci retracement from $2.4068 down to $2.3157.
๐ผ Immediate resistance lies at $2.3650, followed by major resistance at $2.3850 and $2.420.
โจ If $2.420 breaks cleanly, XRP could soar to:
$2.450
$2.500
And potentially $2.650 if bulls dominate!
Downside Risk โ ๏ธ
โ Failure to flip $2.420 into support might send XRP lower again.
๐ฝ First support: $2.3150
๐ Next support: $2.3000
๐ Break below $2.30 could drag XRP down to $2.220, then possibly $2.200.
Tech Indicators
MACD: Bearish crossover in progress on the hourly chart โ
RSI (1H): Holding just above 50 โ neutral zone โ๏ธ
Key Levels to Watch
Major Resistance: $2.3650, $2.3850, $2.420, $2.500
Major Support: $2.3150, $2.3000, $2.220
๐ฏ Conclusion: XRP is tightening into a breakout zone! If bulls can flip $2.420, expect fireworks. But if bears take control, brace for a dip toward $2.20.
Stay alert and trade with tight risk management!
