$XRP Current price: ≈ $2.04, down ~4.6% in the last 24 hours .
Volatility: 6.3% intraday range ($2.147–$2.011); surged selling volume around $2.01, followed by a rebound to ~$2.083 .
Daily technicals: Strong Sell across all moving averages and indicators (RSI ~35, MACD, ADX, Williams %R all bearish) .
🔍 Key Levels & Structure
Resistance: Intraday channel ceiling at $2.089–$2.09; broader zone up to $2.19–$2.20 .
Support: Short-term at $2.01–$2.04 recently established; lower zone at $2.05–$2.08 holds significance .
🎯 Best Trade Setup for Today
1. 📈 Short on Rollover from Resistance
Entry: Short near $2.085–$2.09 if clearly rejected—e.g., bearish candle with upper wick.
Stop-Loss: Just above $2.10 (~$2.095).
Targets:
TP1: $2.04 (early support)
TP2: $2.01 (daily low)
Why: Oversold but within strong downtrend and lack of bullish momentum—ideal for range-resume bearish fade.
2. 📉 Long on Bounce at Support (Intraday Counter-Trend)
Entry: Long on confirmation bounce off $2.01–$2.04 with bullish price action (hammer, bullish engulfing).
Stop-Loss: Below $2.00 (~$1.99).
Targets:
TP1: $2.09 (resistance zone)
TP2: $2.12–$2.15 if momentum builds.
Why: Intraday ascending channel forming off support; RSI hovering near neutral (~54), MACD turning positive—suggests short squeeze possibility .
