📊 Current Price: 2.1385
🔻 24H Change: -4.50%
🟢 Bounce From: 2.0846 (local bottom)
🔴 Recent Top: 2.3386
🟡 Resistance Levels: 2.1837 → 2.2395
🟢 Support Levels: 2.0846 → 2.0719
---
📈 Technical Breakdown:
1. Price Action:
After the sharp fall from 2.3386 to 2.0846, XRP is trying to recover. It’s showing a minor bounce with bullish candles forming on the 1H chart.
2. Volume Surge:
Volume spiked during the drop, indicating panic sell-off. Current recovery volume is weak, signaling a temporary relief rather than trend reversal.
3. Moving Averages (MA):
MA(5) ≈ 2.066 (below price) ✅
MA(10) ≈ 2.530 (way above price) ❌
Price is still below key MA(10), which indicates bearish pressure remains.
4. Momentum Outlook:
Momentum is trying to shift but needs a clean breakout above 2.1837 to confirm bullish intent. Otherwise, expect more sideways or downward movement.
---
📌 Trade Setup Idea:
🟢 Entry (Buy on confirmation): Above 2.1837
🎯 TP (Take Profit): 2.2395 → 2.2954
🛑 SL (Stop Loss): 2.0846
---
🧠 Conclusion:
This could be a dead cat bounce unless XRP breaks above 2.1837 with volume. For now, sit tight unless the breakout confirms. A drop below 2.0846 will open doors toward 2.0719 or lower.
---
📢 Like if this analysis helped! Drop your thoughts 💬 & Share with fellow traders!
📲 Buy and Trade 👉$XRP
📛 Trade on your risk; I only share analysis.
#cryptosignals #xrp #BinanceSquare #Altcoins #TradingSetup #CryptoAlert #XRPArmy #TechnicalAnalysis #Binance
