$XRP /USDT – Price Rejection from Support Indicates Upside Potential
Current Price: $2.39 (-5.78%)
$XRP has shown price rejection near key support around $2.35–$2.37. Despite the recent drop, price is stabilizing above short-term moving averages and attempting to recover, indicating potential bullish momentum buildup.
Bullish Setup:
Entry Zone: $2.38 – $2.41
TP1: $2.46
TP2: $2.52
TP3: $2.59
SL: $2.34
Key Observations:
Price holding above $2.35 support zone
MA(7) and MA(25) are converging, indicating consolidation before a move
Volume has decreased on red candles, suggesting selling pressure is weakening
Pro Tip: For higher confirmation, wait for a 1H or 4H candle close above $2.42 before entering aggressively.
