๐ซ๐ฅ๐ฃ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฃ๐ฟ๐ฒ๐ฑ๐ถ๐ฐ๐๐ถ๐ผ๐ป ๐๐ผ๐ฟ ๐ ๐ฎ๐ ๐ฎ๐ฑ โ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐ ๐ผ๐ฟ ๐๐ฎ๐น๐น ๐ก๐ฒ๐ ๐?
โ Market Snapshot:
XRP is trading sideways after a recent pullback, reflecting uncertainty across the broader crypto market. The key battle now? Support at $2.30 vs resistance at $2.44.
โ Key Levels to Watch:
โข Support: $2.30 (critical), followed by $2.10โ$2.15
โข Resistance: $2.44 (short-term), then $2.55โ$2.62 (major breakout zone)
โ Is the Bullish Trend Still Alive?
Yes โ XRP is still forming higher highs and higher lows, suggesting the uptrend is intact, unless the price falls and closes below $2.30.
โ Inverse Head & Shoulders Forming?
A pullback toward $2.10โ$2.15 could shape a bullish inverse head & shoulders on the daily chart.
If this setup confirms and XRP breaks above the $2.55โ$2.62 zone, a strong rally to $3+ could follow.
โ Bearish Scenario:
Some analysts point to a five-wave correction in progress. If true, XRP may be in Wave 2 now, with another dip possible unless it clears $2.44 soon.
Conclusion:
XRP is at a critical decision point. A break above $2.44 could reignite bullish momentum, while failure to hold $2.30 risks deeper downside.
Will XRP form a bullish reversal โ or drop lower?
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