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๐จ XRP at a Crossroads โ Can the Bullish Trend Survive? ๐จ
XRP is facing serious pressure after failing to sustain its upward momentum past $2.22. The recent downturn has raised red flags across the board โ is this just a correction, or a full structure breakdown?
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๐ป Current Market Snapshot:
๐ XRP reversed sharply after hitting $2.2294
โ Price fell below key levels: $2.20, $2.15, and the 100-hour SMA
โ ๏ธ A bullish trend line was broken near $2.150 on the hourly chart
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๐ Downside Risk Looms:
Immediate support sits at $2.070 (50% Fib of $1.91 โ $2.2294 move)
If this level breaks, watch $2.020 โ the next critical support
A close below $2.020 could expose $2.00, then $1.920
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๐ What Needs to Happen for Recovery:
First resistance: $2.150
Major hurdle: $2.20, with stronger resistance at $2.220
Break above $2.220 could trigger rallies toward $2.32, $2.40, even $2.50 if momentum returns
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๐ Tech Indicators:
MACD: Bearish crossover in play
RSI: Sitting below 50 โ momentum favors sellers
Support: $2.070, $2.020
Resistance: $2.20, $2.220
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๐ง Outlook:
XRP bulls need to reclaim $2.20 fast โ or risk a deeper drop toward $2.00. Eyes on volume and RSI recovery for bullish confirmation.
๐ Whatโs your move โ buying the dip or waiting for confirmation?