The price of $1.95 for XRP means that it has broken the main support level which was at $2.00, and this is clearly a negative indicator. Therefore, here’s the direct summary of the currency's situation now:
📌 Simplified technical analysis after breaking support:
🔻 Reasons for the decline:
• Breaking the very strong support at $2.05 - $2.00, which triggered many stop-loss orders.
• A significant increase in selling pressure.
📉 The expected scenario now:
• The price now ($1.95) has become very low, with the next main support level at $1.85 - $1.90.
• The technical indicators (RSI and MACD) currently indicate a very high selling saturation, which may cause a temporary price rebound.
⚠️ What to do now?
• I never advise selling (Short) immediately now, as the market is saturated with selling and a sudden rebound may occur.
• If you are in a buy position, it is better to wait a bit and try to exit on the next rebound (if it occurs) at a level between $2.00 - $2.05.
• If you intend to buy, wait for a strong confirmation of a clear price rebound from the new support area ($1.85 - $1.90).
⸻
🎯 Summary:
Current price Next support Next resistance Best decision
$1.95 $1.85 - $1.90 $2.00 - $2.05 Wait for a rebound to exit or enter cautiously
📌 My clear advice to you:
• Do not enter a new position now.
• Wait for confirmation of the rebound from the new support area ($1.85 - $1.90).
