๐จ $XRP---
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Ready when you are!/USDT โ Calm Before the Next Wave? ๐น
Price: $2.2662
Status: +0.21%, cooling off after explosive breakout
Volume (24h): 923.56M XRP | 2.12B USDT
After breaking above the psychological ceiling of $2.30, XRP spiked to $2.3532, showing strong bullish dominance. However, what followed was a sharp red candle โ profit-booking on high volume. Now, XRP is retracing slowly, hovering above the 25-period moving average ($2.2476) and close to the 7-MA ($2.2839).
This area between $2.24โ$2.28 is critical โ it's a demand zone, and whether bulls defend it or not will decide XRP's next move.
๐ง Technical Breakdown:
๐ Bullish Signs:
Price is above all major MAs (7, 25, and 99), suggesting trend alignment remains upward.
Volume spike on the breakout confirms buying pressure was real โ not a fakeout.
Candle structure is showing higher lows and higher highs over the past 72 hours.
๐ Caution Flags:
Price is below the 7-MA now, which may trigger further short-term downside.
Volatility is increasing โ wide candle ranges and longer wicks suggest indecision.
๐ Key Levels to Watch:
Support:
$2.2470 (25-MA & previous base)
$2.1800 (MA99 โ strong long-term support)
$2.1450 (Recent swing low)
Resistance:
$2.2839 (MA7)
$2.3178
$2.3532 (24h High)
$2.40 psychological barrier
๐งช Trade Scenarios:
๐ธ Conservative Re-entry:
Entry: $2.24โ$2.26
TP: $2.32 โ $2.35
SL: Below $2.22
๐ธ Aggressive Breakout Play:
Entry: Above $2.31 on strong candle close
TP1: $2.38
TP2: $2.42+
SL: $2.26
๐ธ Bearish Flip (if support fails):
Break below $2.22 could test $2.18 and even $2.145
๐ Sentiment & Strategy:
This is a cooling zone after a high-momentum push โ ideal for adding on dips or waiting for volume confirmation before re-entering. Traders should watch the next 2โ3 candles closely.