๐๐๐ ๐๐๐๐ซ๐ฌ ๐๐ข๐ญ ๐๐ซ๐๐ค๐๐ฌ ๐๐๐๐ซ ๐๐๐ฒ ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ โ ๐๐๐ฏ๐๐ซ๐ฌ๐๐ฅ ๐๐ง๐๐จ๐ฆ๐ข๐ง๐ ?
๐ XRP Faces Selling Pressureโฆ But Momentum May Be Slowing
XRP has been in a downtrend, with price action stuck near the $2.16โ$2.17 support zone. This area has acted as a volume-based demand region, and technical signs suggest sellers may be losing steam.
๐ RSI is stabilizing just above oversold territory โ a sign that bearish momentum could be nearing exhaustion.
๐ EMAs & MACD Paint a Cautious Picture
๐ XRP remains below the 9-day and 20-day EMAs, indicating short-term bearish control.
However, the distance between price and EMAs is tightening, showing waning downside strength.
๐ป MACD remains in the red, but shrinking histogram bars suggest the bearish trend is losing intensity โ often a precursor to a bounce or reversal.
๐งญ Key Levels to Watch
Support:
๐น $2.1453โ$2.1265 โ Crucial demand zone.
๐น $2.0619 โ Next major floor if support breaks.
Resistance:
๐บ $2.2949 โ First big recovery test.
๐บ $2.3238 โ Follow-up resistance.
๐บ $2.4311 โ Break here = possible bullish breakout confirmation.
๐ Strategy Outlook
For Bulls: โ Consider long entries on a confirmed bounce above $2.1688, ideally with RSI divergence and a close above the 9 EMA.
๐ฏ Take profit near $2.2949 and $2.3238.
๐ Stop-loss below $2.1265 for downside protection.
For Bears: ๐ซ Wait for a failed retest of $2.2949 or a breakdown below $2.1265.
๐ฏ Target zones: $2.0619 and below.
๐ Place stops above $2.2949โ$2.30 zone.
๐ Final Take: XRPโs bearish momentum is showing signs of slowing down. While the downtrend isnโt broken yet, the market may be nearing an inflection point. If buyers step up, a relief rally could follow โ but if support breaks, another leg down is likely.
๐ Watch price action at key levels for the next move.
