$XRP Analysis: Testing Critical Support – Is a Bounce Coming?

$XRP is trading at $2.5219 on the 15-minute chart, showing weakness after a sharp decline from recent highs.

Trade Setup:

Long Entry: Above $2.5400, targeting $2.5800 and $2.6200.
Short Entry: Below $2.5000, looking for $2.4700 and $2.4500.
Stop Loss: Place a stop loss at $2.5100 to manage risk effectively.

Market Insight:

$XRP has lost momentum after failing to sustain above $2.6200. The current support at $2.5000 is critical; holding this level could trigger a bounce toward resistance zones. A breakdown, however, may lead to further selling pressure.

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