Closely looking at the XRP price around the target level of 2.1792, it suggests a potential critical level for both bulls and bears.
1. **Main Support and Resistance**:
- **Support**: If XRP sustains above $2.05, there could be a strong base for a bounce.
- **Resistance**: The price near 2.1792 is a critical level that needs to be broken to gain further upward momentum. If XRP breaks this resistance and sustains above it, we may see further upside.
2. **Profitability**:
- **Bullish Scenario**: If XRP breaks and sustains above $2.1792, the next target could be around $2.30, offering significant upside potential.
- **Bearish scenario**: If it fails to sustain above $2.05, there could be a drop to lower support levels like $1.90.
So, the correct price point at 2.1792 could be either a strong breakout entry or a warning sign if the price suffers a breakout. Always consider the overall market conditions and other technical indicators before taking any action!
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