๐ป ๐ซ๐ฅ๐ฃ ๐จ๐ป๐ฑ๐ฒ๐ฟ ๐ฃ๐ฟ๐ฒ๐๐๐๐ฟ๐ฒ ๐ฎ๐ ๐ฆ๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐๐ฒ๐๐ฒ๐น๐ ๐๐ฟ๐ฒ ๐ง๐ฒ๐๐๐ฒ๐ฑ โ ๐ช๐ถ๐น๐น ๐๐๐น๐น๐ ๐ฅ๐ฒ๐๐๐ฟ๐ป?
โ Whatโs Happening?
XRP recently failed to stay above the $2.22 zone and is now facing selling pressure. The price has dropped below the $2.15 level and is now testing key support areas near $2.07 and $2.02.
๐ Why It Dropped:
XRP hit resistance near $2.22 and couldn't build momentum to push higher.
A key trendline was broken, and now the price is trading below the 100-hour simple moving average, which is a short-term bearish sign.
RSI (Relative Strength Index) has dipped below 50 โ suggesting sellers are gaining the upper hand.
๐ Support Levels to Watch:
$2.07: First support zone. Holding this could lead to a bounce.
$2.02: Stronger support. If XRP falls below this, a drop to $2.00 or $1.92 becomes more likely.
๐ Resistance Levels to Reclaim:
$2.15: Needs to break above this for bulls to get back in control.
$2.20 โ $2.22: Key barrier. A successful breakout could send XRP toward $2.32 โ $2.40.
โ ๏ธ If XRP stays below $2.15, more downside could come. However, holding above $2.02 might allow for a bullish reversal in the short term.
๐ Quick Technical Summary:
MACD: Turning bearish
RSI: Below 50 (momentum favors sellers)
Trendline broken = short-term caution
โ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ ๐ง๐ถ๐ฝ๐:
โก๏ธ If price bounces above $2.02, bulls might get back in control โ a good area to watch for re-entry.
โก๏ธ If price drops below $2.02, better to wait for support near $2.00 or even $1.92 before making moves.
โก๏ธ Bullish confirmation only comes with a clean breakout above $2.22.