$XRP recently tested the $2.35 barrier, but bearish momentum has pushed the price back toward $2.20. Here's what traders should watch for:
Current Resistance Levels
$2.288: Declining channel resistance on the hourly chart.
$2.30: Key level to break for bullish momentum.
$2.35: If cleared, could lead to a rally toward $2.50 and beyond.
Potential Downside Risks
$2.24: First support level.
$2.21: 61.8% Fibonacci retracement, crucial for short-term stability.
$2.150 - $2.050: Major supports if selling pressure intensifies.
🔍 What’s Next for $XRP ?
Bullish Scenario: A break above $2.30 and consolidation over $2.35 could trigger moves to $2.50, $2.55, and even $2.65 in the coming sessions.
Bearish Scenario: Failure to sustain above $2.21 could see $XRP retesting $2.15 or lower.
🌟 Key Takeaways for Traders
Watch for a decisive breakout or breakdown from the $2.30-$2.24 zone.
Short-term traders should consider risk management strategies with tight stop-loss levels.
Long-term holders might view this dip as a potential buying opportunity, keeping an eye on overall market sentiment.
Do you think XRP will break through $2.30 or retest $2.21? Share your thoughts! 💬
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