š„ $XRP
Shockwave: From Panic to Power in Minutes! š„
In just 15 minutes, $XRP suffered a sharp 7% drop, sending shockwaves through the crypto market. Over $420 million in leveraged positions were liquidated within 20 minutes. Absolutely wild. š¤Æ
š Price plunged from $3.21 support down to $3.00 in secondsābut hereās the twist: XRP held critical support like a pro. From $3.00, it surged back, reclaiming the golden retracement zone at $3.11. Classic liquidity hunt in actionāthe wicks went deep, but candle bodies respected key levels. š
Zooming out, this ācrashā looks more like a double bottom forming. Major Fib levels remain untouched. The macro .5 retracement at $2.76? Still intact. Todayās low bounced perfectly from the .382 retrace at $3.00. šÆ
Letās be realāthereās no strong fundamental reason for this move. Inflation chatter? Old U.S. Bitcoin headlines? Just noise. This was likely a market-engineered sweep to trap shorts. š
The bigger bullish structure is still alive. Unless $XRP falls below $2.76, the next major upside target remains $4.70. š
š Key Levels to Watch:
š¢ Supports: $3.11, $3.00 ā Hold these for potential explosive moves.
š“ Resistances: $3.21, $3.41, $3.66 ā Break above these and momentum could accelerate.
š Target: $4.70
This is the kind of volatility that makes legends in crypto. Shorts are trapped, momentum is buildingāare you ready for the next wave? š„