$XRP Analysis and Prediction - Consolidation Before Breakout?

Current Price: $2.3011

24H Change: -0.98%

Key Observations:

1. XRP/USDT touched a 24H low of $2.2001, marking a critical support zone.

2. The 24H high of $2.3986 is a potential resistance level, aligning with recent price action rejection zones.

3. A sharp drop from $2.4683 indicates strong selling pressure; however, the recovery attempts suggest consolidation within a tighter range.

Trading Strategy:

Entry Range: $2.2900–$2.3100

Targets:

Target 1: $2.3300

Target 2: $2.3600

Target 3: $2.4000

Stop Loss: $2.2700 (below the key support of $2.2001 to manage risk)

Market Behavior: XRP is likely consolidating between $2.30 and $2.36, awaiting a breakout. A move above $2.33 could signal bullish momentum, while failure to hold the $2.29 range might result in further downside toward the support at $2.20.

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