🚀 $XRP Price Squeeze! Big Move Coming Soon?
$XRP is consolidating after a recent dip below $2.20! 📉 Prices are now hovering in a tight range, but a breakout could be on the horizon if bulls push past key resistance.
🔍 Key Takeaways:
- XRP dipped below $2.20, testing support near $2.12.
- It’s now trading below $2.20 and the 100-hour moving average.
- A triangle pattern (📐) is forming on the hourly chart, with resistance at $2.17.
- A break above $2.20 could trigger a rally!
📈 Upside Potential:
If XRP closes above $2.20, the next targets are:
1. $2.23 (50% retracement level).
2. $2.25 & $2.28.
3. $2.32 or even $2.35! 🎯
⚠️ Downside Risk:
If XRP fails to break $2.20, support levels to watch are:
- $2.14 (initial support).
- $2.12 (key support).
- A drop below $2.12 could lead to **$2.05** or $2.00.
📊 Technical Signs:
- MACD: Losing bearish momentum.
- RSI: Just above 50 (neutral).
✅ Support: $2.14 / $2.12
✋ Resistance: $2.17 / $2.20
💬 Why This Matters
$XRP is at a make-or-break moment! A close above $2.20 could signal bullish momentum, while failure may extend losses. Trade wisely! 🔍