$XRP Bounce or Breakdown at the Edge?
XRP bounced off the $3.1770 level after a rejection from $3.2180. Price is consolidating just below short-term resistance, with volume rising steadily. Bulls need to reclaim $3.20 to confirm continuation, while failure to hold support could trigger downside momentum.
Key Levels to Watch
• Resistance Zone: $3.2000 – $3.2180
Break above this area may trigger another leg up toward recent highs
• Support Zone: $3.1770 – $3.1500
If this zone gives way, selling pressure could accelerate
Trade Setup – High-Stakes Compression Near Support
Bullish Entry
• Trigger: Break above $3.2000
• Target 1: $3.2180
• Target 2: $3.2400
• Target 3: $3.2800
Bearish Entry
• Trigger: Break below $3.1770
• Target 1: $3.1500
• Target 2: $3.1200
• Target 3: $3.0800
Volume profile shows strong activity, but order book pressure favors sellers at the moment. Wait for a breakout with confirmation to avoid traps within the range.