🔥 $XRP Holds $2 🛡️ - What's Next This Week? 🔥
Despite recent market chaos, Ripple $XRP is showing strength! It dipped but quickly reclaimed the $2 support level 💪. Buyers are fiercely defending this price right now.
Key Levels to Watch:
* Crucial Support: $2 🛑 (Must hold!)
* Resistance Walls: $2.30, $2.60, $3.00 🧱
What's Happening?
1️⃣ Buyers Fight Back!
After Sunday's market crash (sparked by geopolitical news 📉), XRP briefly fell to $1.90. The swift bounce back above $2 shows buyers are serious about defending this zone. While this is positive, sellers could return for another attack.
2️⃣ Overall Trend Still Looks Down... 😕
Even with this bounce, the bigger picture (daily/weekly charts) still shows downward pressure. Key indicators like the MACD haven't signaled a trend reversal yet. This means $2 will likely face more tests.
3️⃣ Short-Term Relief Signal! ⚠️
Looking closer (4-hour chart), XRP appears oversold (RSI indicator). This likely fueled the bounce from $1.90 to $2. However, **this might be temporary! If sellers overpower buyers and break $2, the next major support is near $1.60.
What to Watch This Week 👀:
* Can buyers keep $XRP above $2 consistently?
* Will the short-term oversold bounce lead to more gains, or will sellers test $2 again?
* A break below $2 could trigger a drop towards $1.60
* Breaking above $2.30 would be the first sign of stronger recovery potential.