🛡️ XRP Hangs by a Thread — Will Support Hold or Crumble Under Pressure?
$XRP is teetering on a crucial edge. After slipping below $2.150, the token is consolidating losses, with bears circling for another push toward $2.120. The sell-off began after a breakdown from $2.180, dragging XRP beneath the $2.20 mark and its 100-hour SMA — a clear signal of weak momentum.
But there's a flicker of hope: XRP just broke above a descending trendline with resistance near $2.1550, hinting at a potential rebound. Immediate resistance lies around $2.18, and if bulls manage to reclaim $2.20, we could see a push toward the $2.2250 zone — which also aligns with the 50% Fibonacci retracement from the $2.335 high to the $2.120 low. A clean breakout there? XRP may target $2.2540, then potentially $2.30 or even $2.35 in the next leg up.
Still, danger looms below.
🔻 If XRP fails to reclaim $2.20, support at $2.1420 becomes the first line of defense. Breaching $2.120 could trigger a deeper dive — with bears eyeing $2.050 and possibly $2.020 next.
🔍 Tech Signals:
MACD: Bearish momentum building
RSI: Hovering near 50 — indecision zone
📉 The setup is tense. A bullish breakout could shift momentum sharply — but failure to hold current support might usher in another brutal leg down.
Will XRP bounce or bleed?
💬 Share your outlook below.