🔻 Price Drop to $1.93 Was Predicted $XRP dropped sharply to $1.93, breaking the $2.01 support—a level previously highlighted by technical analyst CasiTrades using Fibonacci retracement.
The timing coincided with news of a U.S. airstrike on Iran, adding to the market’s panic.
🔁 Bounce and Bullish Divergence
$XRP rebounded after hitting the support zone, aligning with CasiTrades' prediction.
Bullish divergence was spotted on the 15-minute and 1-hour RSI, indicating momentum may be shifting as buyers re-enter.
The 1-hour trendline is starting to slope upward, suggesting a potential short-term reversal.
🎯 $3 Price Target Ahead?
If $XRP holds above $2.01, the next major resistance is at $3.00.
Breaking this resistance could confirm a trend reversal and potentially ignite a rally.
⚠️ Caution Is Still Key
Despite short-term bullish signals, no confirmation of a major trend reversal yet on the 4-hour or daily charts.
RSI remains low at 20.4, showing XRP is oversold, but it could still drop further if momentum fails.
If the bounce doesn't hold, next support zones are $1.90 and $1.55.
🔍 Summary Outlook:
Short-Term: Watch for to hold above $2.01 and break upward. RSI divergence suggests a possible recovery.
Medium-Term: A break above $3 would be major, but geopolitical risk and weak confirmation on higher timeframes keep the outlook cautious.
Downside risk: Still possible, especially if broader market sentiment worsens.
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Bitcoin has pumped above $100K after clearing lower-side liquidity, but this move may be a bull trap. The market could be setting up long positions before a reversal. While a recovery from recent geopolitical tensions is possible, the lack of strong fundamentals makes it less likely.
The current market direction is unclear, and fake moves are expected. Traders should be cautious — use smaller position sizes, avoid over-leveraging, and stay patient. As mentioned earlier, this may still be a good time to accumulate gradually on spot. Stay alert and don’t fall for market traps. #NEWTBinanceHODLer