$XRP
🚨 XRP has recently been fluctuating between $2 and $2.65, with both bulls and bears in a fierce battle! This is a typical case of 'sideways consolidation'.
✅ Bullish Scenario:
As long as XRP holds above the $2 support, there is still hope for a rebound within this range.
If buyers can keep the price steadily above the moving averages, we may see it challenge the $2.65 resistance.
If it successfully breaks through $2.65, there is a chance it could surge to $3!
❌ Bearish Scenario:
Sellers are not planning to back down; they have set up ambushes around $2.65, ready to strike at any opportunity.
If XRP accidentally loses the $2 support, it could spell trouble as the trend would directly shift to bearish!
The next support to watch will be $1.61, which is the next line of defense.