๐ ๐ซ๐ฅ๐ฃ ๐๐ง ๐๐ฅ๐ข๐ฆ๐ฆ๐ฅ๐ข๐๐๐ฆ ๐ฅ๐๐๐ข๐จ๐ก๐ ๐ข๐ฅ ๐ฅ๐๐๐๐๐ง๐๐ข๐ก ๐๐๐๐๐?
๐ Current Price: $2.23
๐ Trend: Pullback after strong rise
๐ Market Mood: Neutral-to-cautious
๐ Whatโs Happening?
XRP made a solid bounce from $2.20, rising as high as $2.31. But now, it's facing selling pressure near key resistance zones, and the uptrend is slowing.
Price is holding above $2.22 with support from the 100-hour SMA and a bullish trendline at $2.2250. This zone is now acting as a critical support area.
๐ Key Levels to Watch
๐น Support Zones:
$2.2250 โ Trendline & SMA support
$2.20 โ Fib 61.8% + psychological support
$2.150 โ Breakdown zone
$2.120 โ Final defense level
๐น Resistance Zones:
$2.27 โ Minor rejection point
$2.30 โ Immediate breakout level
$2.32 โ Strong barrier (multiple rejections)
$2.35โ$2.42 โ Momentum extension zone
$2.50 โ Long-term psychological resistance
๐ง What Traders Should Do
โ If Bullish:
Watch for a clean breakout above $2.30โ$2.32 with volume. That could open the door to $2.35 and $2.40.
Ideal buy zone = $2.22โ$2.225 (bounce from trendline).
Place stop-loss below $2.20 if support breaks.
โ If Bearish:
Look for failure at $2.30, then target short toward $2.20 or $2.15.
A break below $2.20 could accelerate downside toward $2.12.
๐ง Technical Indicators
MACD: Bearish crossover forming (momentum fading)
RSI: Below 50 = weak buying pressure
Structure: Still intact โ but bulls need to defend $2.22 fast
โ ๏ธ Final Take
XRP is at a make-or-break point. If bulls defend $2.22 and break above $2.30, the rally may resume. But a drop below $2.20 could flip the short-term trend bearish.
๐ Wait for confirmation โ no need to rush. Let the next move show direction.