šÆļø Price Structure$XRP
Strong rebound from the level of $1.9070 to a peak of $2.2157
Currently consolidating in a narrow area between $2.17 ā $2.21
Forming a higher low pattern, but with seller pressure approaching resistance
š Important Support & Resistance:
Nearest support: $2.16 ā $2.17 (critical area)
Strong support: $2.09 (MA99 + previous break zone)
Local resistance: $2.2157 (high 24 hours)
Breakout zone: > $2.22 = potential continuation to $2.28ā2.30+
š Volume & Sentiment$XRP
Volume is slowly decreasing after a spike ā market signal is waiting for certainty
7ā90 day volume chart shows a decline ā medium-term momentum is decreasing
However, year-to-date (1 year): +361% ā macro trend is still very strong
āļø Scalping Setup (1H Timeframe)$XRP
1. Scalp Buy (bounce from support):
Entry: $2.1660 ā $2.1740
SL: < $2.1620
TP: $2.19 ā $2.21
2. Scalp Sell (short from resistance):
Entry: $2.21 ā $2.215
SL: > $2.2220
TP: $2.18 ā $2.165
ā ļø Strategic Notes:
If the 1H candle closes below $2.16, beware of a deeper breakdown towards $2.09
Conversely, a strong break + close above $2.22 could activate a bullish continuation pattern