$XRP /USDT BEARISH RETEST – PRESSURE BUILDING BELOW $2.25 🔻⚠️
📊 Current Price: $2.2238 (–1.74%)
📈 24H High: $2.2677
📉 24H Low: $2.1960
🔄 24H Volume: 71.28M XRP / $158.70M USDT
🔍 TECHNICAL OVERVIEW:
is facing continued bearish pressure, pulling back after rejection at $2.26. Price action shows a clear lower high formation, and XRP is now hovering near the support zone of $2.20–$2.19, which is being tested for the second time.
A break below $2.19 could lead to a stronger correction toward $2.10 or even $2.00. Bulls must reclaim $2.25–$2.27 to resume upward momentum.
🔑 KEY LEVELS TO WATCH:
🔼 Resistance 1: $2.25 (minor resistance)
🔼 Resistance 2: $2.2677 (24H high / short-term ceiling)
🔽 Support 1: $2.1960 (24H low / immediate demand zone)
🔽 Support 2: $2.1500
🔽 Support 3: $2.0000 (major round-number support)
🧭 TRADE SETUPS:
🔻 SHORT IDEA (On Breakdown):
📥 Entry: $2.21–$2.22 (on failed bounce / retest)
🎯 Targets:
TP1: $2.15
TP2: $2.00
🛑 Stop Loss: $2.27
🔄 LONG IDEA (Bounce Scenario):
📥 Entry: $2.19–$2.20 (on bullish candle confirmation)
🎯 Targets:
TP1: $2.25
TP2: $2.30
🛑 Stop Loss: $2.15
💡 RISK MANAGEMENT:
Limit risk to 2% of capital per trade
Wait for clear confirmation on either breakdown or bounce
Move SL to breakeven after first target
Don’t trade during choppy consolidation
📉 $XRP is at a make-or-break level – losing $2.19 could trigger deeper downside, while holding it may offer a short-term bounce. Eyes on volume and structure!
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