🚹$XRP XRP/USDT Faces Key Resistance: Will Bulls Break Through?

💰 Current Price: $2.1718 (-4.62%)

📉 24H Low: $2.1277

📈 24H High: $2.2797

Ripple’s XRP has retraced from its recent highs and is now consolidating near $2.17. With a significant drop in price, XRP traders are closely watching for the next move as the market tests critical levels.

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🔎 Key Levels to Watch

1ïžâƒŁ Support:

$2.12 – Immediate support, tested earlier today.

$2.05 – Strong secondary support if selling pressure increases.

2ïžâƒŁ Resistance:

$2.20 – The first barrier for bulls to reclaim upward momentum.

$2.28–$2.30 – Major resistance zone that aligns with the recent high.

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📊 Market Sentiment & Trading Opportunities

Bullish Scenario:

A breakout above $2.20 could lead to a retest of $2.28 and possibly extend toward $2.35 if momentum holds.

Bearish Scenario:

A break below $2.12 may lead to further downside, targeting $2.05, providing opportunities for short-sellers.

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💡 Trader's Strategy

📈 Long Entry:

Consider buying above $2.20, targeting $2.28, with a stop-loss below $2.15.

📉 Short Entry:

Look for positions below $2.12, aiming for $2.05, with a stop-loss above $2.18.

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📱 Will XRP reclaim its upward momentum, or is further consolidation on the horizon? Drop your thoughts below!

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