■ Market Overview:
● Facing difficulties near a key area..
○ Bounce or collapse?!
XRP/USDT is trading around the critical support level at $2.255 after a gradual decline from the recent supply area near $2.3379.
While the price has decreased by -0.64%, the bulls are still holding their position.
A bounce from here could lead to a retest of the $2.30-$2.33 level..
... but a collapse below $2.25 may open the door for a move to $2.20 or lower.
■ Trading Setup:
● Entry Zone: $2.25 - $2.26
○ Targets
1_ $2.2885
2_ $2.3359
3_ $2.4000
■ Stop Loss: $2.2125
Traders should monitor volume spikes and candle rejection patterns around $2.25 to confirm the bullish reversal.
