$XRP Price Rejection – Will Bulls Hold or Fade Out?
$XRP spiked toward the $2.04 zone but quickly faced rejection. Despite a +3% daily gain, price is now hovering just above the $2.02 support range. The next move could define short-term momentum.
Key Technical Zones:
• Resistance Zone: $2.03 – $2.04 (intraday rejection area)
• Support Zone: $2.00 – $1.99 (critical for bulls to hold)
Trade Setup – Reversal or Rally Ahead?
Bullish Entry: Above $2.0400
• Target 1: $2.08 (recent swing high)
• Target 2: $2.12 (breakout continuation zone)
• Stop-Loss: Below $1.99
Bearish Entry: Below $1.99
• Target 1: $1.95 (prior support)
• Target 2: $1.91 (24h low)
• Stop-Loss: Above $2.04
XRP shows signs of hesitation near resistance, with high volume and a long upper wick. If bulls reclaim $2.04 convincingly, expect another leg up. But if $2.00 breaks, bears could drag price back toward $1.90. It’s a tight battle — watch the breakout zone carefully!