๐ $XRP /USDT Market Update โ Bullish Momentum or a Bearish Trap? ๐ฅ
$XRP is currently trading at $2.1878, up +2.38% in the last 24 hours! ๐
The 24-hour high reached $2.2464, while the low dipped to $2.0559.
๐ Market Overview:
๐น Short-Term Trend (1H Chart): XRP is consolidating with slight upward momentum, forming higher lowsโpotentially signaling a bullish breakout.
๐น Mid-Term Trend: Despite a 7-day decline of -12.25%, XRP has rebounded significantly over 180 days (+289.48%) and 1 year (+199.40%), confirming strong long-term demand.
๐ฅ Trade Setups
๐ Short Trade Setup (Bearish Scenario) โ
Entry: Around $2.20 - $2.24
Stop Loss: $2.26 (Above recent high)
Target 1: $2.05
Target 2: $1.90 (If selling pressure increases)
๐ Long Trade Setup (Bullish Scenario) โ
Entry: Around $2.15 - $2.18 (Retesting support)
Stop Loss: $2.05
Target 1: $2.30
Target 2: $2.50+ (If XRP breaks resistance)
๐ฎ Prediction & Outlook:
XRP is showing bullish potential after bouncing from $2.05 support. If it sustains momentum above $2.20, we could see a push towards $2.30 - $2.50. However, failure to break resistance could trigger a short-term correction back to $2.00.
๐ก Final Verdict:
๐ Bullish Bias โ (As long as it holds above $2.10)
๐ป Watch out for selling pressure near $2.24 - $2.30!
Are you long or short on XRP? Drop your thoughts below! ๐๐ #XRP #cryptotrading #Bullish #bearish $XRP