[Everything starts from $2.10]
XRP recently rebounded from the key support zone of $2.10 to $2.15
The market is in a stalemate, and this area has held the baseline multiple times
This is not a 'small support', this is a critical point
If it falls below:
The next stop may head straight to $2.00 or even lower
That could trigger a round of 'bull killing bulls'
[But the technical patterns are quietly heating up]
On the daily chart, XRP may be forming an inverse head and shoulders pattern
This is a classic 'hidden reversal' signal
But the premise is—
Must stand above the 'golden pocket' resistance area of $2.62
Only a breakthrough means the pattern is established
Only then is there a chance to challenge historical highs
[However, the bulls have to pass these few hurdles first]
Before $2.62, XRP still has three hurdles to overcome:
$2.33 to $2.34
$2.43 to $2.44
$2.48 level
Every level is a 'trap point' set by the bears in the past
Traders may also choose to take profits and exit at these levels
[Current trend: Short-term rebound wave is ongoing]
XRP has rebounded near $2.07 to $2.08
Although it didn't precisely hit the $2.06 support, the active buying indicates:
This small 'bullish candle' is not without reason
Sometimes, the market's reaction is more important than theoretical positions
[Inspiration]
Don't be fooled by the small fluctuations in front of you
The real showdown only begins above $2.62
Before that, XRP is still a game of confidence and chips
Want to see me update the subsequent pattern verification?
Follow me, the next article will update whether $2.33 breaks effectively
Or leave a message: Do you think the head and shoulders will form? #中心化与去中心化交易所 #LPT #WCT #PEPE #DOGE $BTC $XRP $SOL
