๐ฅ $XRP / USDT โ Momentum Coil on 1H Chart! ๐
$XRP is currently trading at $2.1913 (+0.21%), moving in a narrow range below $2.22 resistance, while holding above the EMA โ indicating strong buildup before the next move.
๐ Key Levels:
๐บ Resistance:
$2.2190 โ $2.2450
A breakout here could push price towards $2.28 โ $2.31.
๐ก Support:
$2.1750 โ $2.1600
Holding this zone confirms the bullish structure. If it breaks below $2.16, a bearish reversal is possible.
๐ง Analysis Insight:
The current formation looks like a classic consolidation coil โ low volatility with EMA support, suggesting a potential sharp move ahead. Wait for volume confirmation and breakout before entering.
๐ฏ Trade Plan: ๐น Entry: On a strong breakout above $2.22 or bounce from $2.17
๐น Targets: $2.28 / $2.30
โ Invalidation: Closing a candle below $2.16 cancels this setup
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