๐ง $XRP /USDT
$2.00 holds for now โ will bulls defend or is a deeper flush coming?
๐ Current Price: $2.0818 (-1.46%)
๐ 4H Chart Snapshot:
XRP just tapped a psychological round number at $2.00 and is seeing a weak bounce. However, it remains below all major moving averages โ suggesting bearish control unless bulls can quickly reclaim key levels.
๐ Moving Averages:
โข MA20: $2.1313
โข MA50: $2.1623
โข MA99: $2.1920
๐ป Price is trading below all MAs โ a bearish structure unless flipped back into support.
๐ Market Behavior:
After failing to hold above $2.20, XRP dropped sharply to $2.00, forming a potential local bottom. Volume spiked during the flush, hinting at possible panic selling or stop hunts.
๐ฅ Momentum & Volume:
โข Recent red volume bar was heavy โ sellers dominated
โข Current bounce lacks follow-through; volume needs to return for bulls to regain control
๐งฑ Key Levels to Watch:
โข Resistance: $2.13 โ $2.20 โ $2.33
โข Support: $2.00 โ $1.96 (next danger zone)
๐ Recommendations:
๐บ If price breaks above $2.13, XRP could test $2.20 and potentially recover toward $2.33 if momentum returns.
๐ป If $2.00 breaks down, we could quickly see a drop to $1.96, and if that fails, the next major support lies near $1.85.
๐ Alternatively, XRP may consolidate in the $2.00โ$2.13 range before a decisive move. Sideways price action wouldnโt be surprising unless macro volume shifts.
โ ๏ธ DYOR โ XRP is at a key inflection point. Donโt rush entries. Let the next candle confirm direction. Manage risk carefully in volatile zones.
Will XRP defend the $2.00 stronghold or slide deeper into bearish territory? Share your take below! ๐