๐จ $XRP /USDT โ Range Rejection or Breakdown Brewing? โ ๏ธ
Momentum Analysis
XRP faces rejection near the 3.13 resistance zone after a lower high, now dipping below 3.04, showing signs of weakening momentum. Price structure hints at a possible short-term retest of the 2.89โ2.91 demand zone if 3.00 fails to hold.
๐น Long Setup (If Support Holds)
Entry Zone: 2.92 โ 3.00
Targets:
T1: 3.13
T2: 3.22
T3: 3.38
Stop Loss: 2.88 (below current local low)
Breakout Confirmation Level
Confirmation: Clear candle close above 3.14 with volume above 250M XRP
Resistance Flip: 3.22 (next breakout leg)
Key Support
Immediate: 3.00
Major Demand Zone: 2.89
Break below 2.88 = Bearish Continuation
๐ Trading Data
Price: 3.0354 USDT
Change: -2.00%
24h High: 3.1366
24h Low: 2.8920
24h Volume:
XRP: 242.24M
USDT: 725.45M
Order Book Depth:
3.0495 | 3.0354 | 3.0165
2.9835 | 2.9505 | 2.9175
๐ Timestamp: 2025-08-01 14:45 โ 17:30
๐ก Pro Tip
If XRP holds above 2.92 and consolidates, it could offer a high R:R long setup into 3.13+. But if 2.88 breaks with high volume, exit quickly and consider short scalps toward 2.75.
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