#BinanceAlphaAlert 💨 XRP Rebounds — But Can Bulls Break the Resistance Wall?
$XRP is showing signs of recovery, but a serious test lies ahead.
After dipping below the critical $2.00 mark, XRP is attempting to bounce back — yet faces heavy resistance at $2.020 and $2.050. The recent pullback from the $2.178 swing high to the $1.910 low has triggered a minor upside correction, but the bulls still have work to do.
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🔍 Key Technical Breakdown:
XRP is currently trading below $2.020 and the 100-hour SMA.
A bearish trendline is active, with resistance near $2.020 on the hourly chart.
The first major hurdle is $2.050, which aligns with the 50% Fib retracement of the recent decline.
A clear breakout above $2.080 could ignite momentum toward $2.120, and possibly $2.150 or $2.200.
If bullish volume sustains, $2.250 may be in sight.
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📉 Risk of Rejection:
If XRP fails to push past $2.050, the market may retest lower levels:
Initial support is near $1.950,
Followed by a key support zone at $1.920.
A break below $1.920 could send the price toward $1.880, or even $1.840.
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📊 Technical Indicators:
MACD (1H): Gaining bearish momentum
RSI (1H): Below 50 — suggests weak buying pressure
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🧭 Summary:
XRP is in a tug-of-war zone. A close above $2.050 could revive bullish hopes, but rejection may invite another leg down. Traders should watch $2.020–$2.050 for a directional decision.
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