Here’s a quick and honest look at what’s happening with $XRP . 💥
XRP made a big leap today, rising from $2.78 to $3.10 🚀, but quickly lost momentum and fell back to around $3.02. This big rise initially looked good, but the pullback told the real story. It seems that the big players just pushed the price up to sell on demand — a classic trap! 🎣
Here’s my honest take on why I’m not sure this is a real breakout:
Support: The most important level to watch is $2.97–$2.98. We need to hold this level to continue moving forward. If it breaks, we could see a drop to $2.85. 📉
Resistance: There are plenty of sellers clustered between $3.05–$3.10. A real breakout won’t start until XRP can confidently break above $3.20 and hold it. 🚧
Psychology: The $3 level still feels more like a trap than a reliable foundation. Until it turns into dependable support, these quick spikes are just temporary pumps, not a sustainable trend. 💸
For now, I remain cautious. Don’t confuse this short-term spike with a real, long-term trend!