$XRP USDT – BULLS COOL OFF, BUT STRUCTURE STILL HOLDS ABOVE KEY SUPPORT
$XRP SURGES TO $2.35 THEN RETREATS
SUPPORT AT $2.240 COULD SPARK FRESH BOUNCE
After a strong breakout above $2.25, $XRP pumped to $2.35 before facing rejection. Price broke below a rising trendline and the 50% Fib level from the $2.205 to $2.353 swing, now hovering above $2.25 and the 100-hour SMA.
Despite the pullback, bulls still have a chance if $2.240 holds.
Key Technical Levels:
Support: $2.250 / $2.240
Resistance: $2.2880 / $2.320
MACD: Bearish crossover
RSI: Below 50, signaling fading momentum
Bullish Scenario:
Holding $2.240 could lead to a bounce toward $2.2880 and possibly $2.35+. A break above $2.2880 would confirm momentum shift back to bulls.
Bearish Scenario:
A close below $2.240 opens the door to $2.22 and $2.20 retests.
Watch for volume near $2.240 — this zone is crucial.