๐ XRP has dropped below key moving averages but is now testing strong support near its 200-day EMA around $2.12. This level has historically acted as a solid floor for many cryptos.
๐ Technical signals like oversold RSI and rising volume hint at a possible rebound. XRP is forming a descending triangle pattern that may soon conclude, setting up for a breakout between $2.45-$2.60.
โ ๏ธ Caution: This could be a bear trap to shake out weak holders before a surge. A recovery above $2.20 could mark the start of a bullish trend.
Keep an eye on resistance levels at $2.26 and $2.45, and support at $2.09 to gauge XRPโs next move.
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