$XRP / USDT – 5M RELIEF BOUNCE AFTER DUMP! Watching for Recovery or Fakeout! ⚠️
$XRP plunged sharply from the $2.11+ area, finding support near $2.08. A short-term bounce is underway, but bears may still be lurking.
📊 Market Snapshot
Current Price: $2.0895
24H High / Low: $2.1947 / $2.0782
24H Volume: 128.42M XRP | 272.69M USDT
📈 Technical Overview
Support: $2.0820 — Rejected cleanly with a bounce
Resistance: $2.1000 — Former breakdown level; tough ceiling
Trend: Micro bounce in bearish structure; volatile with weak recovery legs
🎯 Trade Setup – Scalper's Bounce Play
Entry Zone: $2.0860 – $2.0900
TP1: $2.0980
TP2: $2.1070
TP3: $2.1180
SL: Below $2.0800
💡 Pro Tip: Watch for a strong green 5M candle closing above $2.0950 with increasing volume — that would hint at a short-term reversal and potential retest of $2.11.
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