$XRP is trading at $2.14, just shy of a critical resistance zone at $2.16. Recent price action shows a modest rebound from $2.077, with buying pressure picking up — a potential rounded bottom is forming on the 1H chart.
Short-term traders caught entries around $2.09–$2.10 and are now targeting $2.15–$2.17 exits. On the 4H, $XRP is challenging the upper trendline of a descending channel. A breakout with volume could signal a move toward $2.30.
Daily structure still leans bearish after a sharp drop from $2.50, and indicators are mixed: RSI is neutral at 46.69, momentum and MACD lean bearish, and most short/mid-term MAs flash caution. However, price remains above the 200 EMA/SMA — a longer-term bullish sign.
Bull Case: Break above $2.16 with strong volume = potential rally to $2.30.
Bear Case: Failure to break = return to $2.05–$2.077 support zone.
Verdict: Neutral bias. Watch $2.16 closely — breakout or rejection will set the tone.
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