$XRP Technical Analysis:
XRP has witnessed a significant short liquidation at $2.256, reflecting bullish momentum and strong buyer activity. The price is holding above a key support zone between $2.20 and $2.25, which indicates that bulls are defending this level. If the momentum continues, XRP could target resistance at $2.30 and $2.35. A breakout above $2.35 could trigger further bullish action toward $2.50.
For traders:
Range Trading: Consider entering long near $2.25 with a stop-loss below $2.20 and a target of $2.30 or $2.35.
Breakout Trading: Look for a sustained move above $2.35 with increasing volume to confirm a bullish breakout.
Failure to maintain support at $2.20 could result in a pullback toward $2.10. Keep a close watch on these levels as XRP remains highly volatile with significant upward potential!