๐ Tea on $XRP - No Cap, I see some bears !
๐ Strong move up on that led to a top at $2.2376, but price couldnโt hold โ now forming lower highs = downtrend confirmed
๐ณ๏ธ Fake bullish flag formed between 2.1698 and 2.1147 โ looked promising, but failed to break out = trap
๐ 2.1147 acted as resistance multiple times โ price kept testing it from below and got rejected = strong supply zone
๐ง Head & Shoulders pattern forming around recent highs โ signals trend reversal
๐ณ๏ธ Low volume area near 2.0650 โ uncertain zone, not much buyer/seller interest here
๐ข Bullish Scenario:
If price reclaims and closes above 2.1147 (with strength), we may see a run toward:
โฌ๏ธ Next stop = 2.1698 (but will probably ghost at 2.1746)
Possible continuation to 2.1853 if volume supports
Bulls need to maintain closes above 2.1853 to flip full bullish again
๐ด Bearish Scenario:
If price breaks below 2.0509, downside opens up to:
2.0000 as first support target
Deeper fall to 1.9203 if selling pressure increases
This would confirm a broader bearish continuation pattern
๐ฏ Most Likely Move:
Price is currently stuck between 2.1147 (resistance) and 2.0509 (support)
With rejection at highs and lack of momentum, there's a 70% chance price breaks below 2.0509
Expect a drop to 2.0000, followed by a possible bounce or retest of 2.0509 from below
โ
Summary:
โฌ๏ธ Bullish if: Candle closes above 2.1147
โฌ๏ธ Bearish if: Candle closes below 2.0509
๐ Most probable move: Drop to 2.0000 before recovery attempt
#BinanceSqaure ๐ง #XRPRealityCheck โ #XRPPredictions ๐ฏ