🩸 $XRP Crashed! Bounce or Deeper Drop?
Price plummeted to $2.0942 — the lowest level in 24 hours, after breaking down from a narrow consolidation zone.
📉 Bearish structure strengthens:
MA-7 and MA-25 have sharply curved downwards
Dominant large red candle → selling pressure has not eased
Currently, the price is trying to hold above MA-99 ($2.1253) but remains below it → vulnerable fake bounce zone
⚠️ But look at this:
A new green candle has appeared around $2.10
Buyers are becoming active: 74.91% of the order book is controlled by bids
This could be a signal for a technical rebound... or just a dead cat bounce before the next leg down
🎯 Important Levels:
Absolute support: $2.0900
Key resistance: $2.1250 (MA-99) → $2.1450
If it breaks $2.1450, potential to continue to $2.1750
🔍 Potential Strategy:
Scalp long: Entry $2.10, tight SL at $2.085, TP $2.125 / $2.145
Short if it fails to break MA-99: Entry $2.118, SL $2.135, TP $2.09 / $2.065
💬 Ripple is back at a crucial point — will the whales save it, or will they sink it deeper?$XRP