Technical analysis of XRP: Possible bounce from a key level?🚀🚀🚀

Hello to all Binance Square traders! 👋

After a sharp decline, XRP seems to have found critical support around the $2.90 - $2.95 area. This level has psychological and technical significance and could represent a turning point.

What to watch:

Strong support: The price is testing a support area that, if maintained, could trigger a positive reaction.

RSI in critical zone: The RSI indicator is in a zone that often precedes a trend reversal, suggesting that the sell-off may have lost momentum.

Volume: An increase in buying volume at this level would confirm the strength of the support.

If XRP can defend this area, we could see a bounce towards the next resistance, which is around $3.05 - $3.10.

What is your opinion? Are you ready to "buy the dip" or would you prefer to wait?

#XRP #AnalisiTecnica #Crypto #BinanceSquare #Trading $XRP $BNB