Technical Analysis: Navigating the $2.00 Support Zone

Key Technical Levels:

Support: ($2.00)

Resistance: ($2.20)

Intraday Range: ($2.06-2.12)

Trade Idea (Not Financial Advice):

Bullish Scenario: if XRP breaks above 2.2 with increased volume, consider entering a long position .Target $2.40

Bearish Scenario: if xrp Breaks below 2.00 consider entering a short position and target 1.90

Market Sentiment:XRP is currently in a bullish phase, with strong positive sentiment driven by regulatory wins and institutional support. However, short-term indicators show mixed signals, with a neutral Relative Strength Index (RSI) and slight positive capital flow. There is potential for short-term volatility, but the overall outlook remains optimistic.

What are your thoughts on XRP's price action? Share your insights below!

#XRP #Ripple #CryptoAnalysis #Trading #BinanceSquare #WriteToEarn