$XRP Sharp Intraday Recovery: Reclaiming Key Levels After Structural Breakout🔐👇
Current Price: $2.193🦋
Timeframes Analyzed: 1D and 1H
Trend Bias: Short-term bullish recovery within midterm bearish context
Chart Breakdown & Technical Insight:🧑🏫
1H Timeframe:⌛
A clear CHoCH (Change of Character) has triggered a strong bullish move.
Price broke above $2.16 resistance and surged toward $2.19, tapping into the overhead supply zone (red).
A solid BOS (Break of Structure) confirms momentum shift.
Price bounced from the OB (Order Block) support around $2.11, showing institutional interest.
Stochastic RSI is in the overbought zone but not showing a cross-down yet, indicating momentum may continue short term.
1D Timeframe:⌛
$XRP is attempting to reclaim the 20EMA and midrange levels.
Daily stochastic RSI sits deep in the oversold zone (blue: 11.57 | orange: 4.00), hinting at a potential bullish crossover and bounce setup.
Price still remains below the critical resistance zone starting from $2.30. A close above this would shift the medium-term trend.
Trade Setup (Short-Term Swing):👨🏫
Entry Zone: $2.16–$2.18✅
Target 1: $2.225🎯
Target 2: $2.30🎯
Invalidation: Daily close below $2.11☣️
Pro Tip:🤽
If you're already in from lower levels, trail your stop to $2.15 and watch for price action near $2.225–$2.30. This area may cause short-term rejection before any continuation.
Community Sentiment:🧑💻
$XRP bulls are gaining traction after reclaiming broken levels. If momentum sustains, $2.30 retest is on the table.
👨❤️👨"Don’t rush the wave. Spot the shift, wait for the confirmation, and then ride it."
Disclaimer:⚠️
This is a technical analysis-based idea and not financial advice. Do your own research and manage risk wisely.
