🚨 XRP/USDT Facing Key Levels: Will Bulls or Bears Take Control? 🚨
Current Price: $2.3158
24H Performance: -5.40%
The XRP/USDT pair has been struggling to regain footing after hitting a 24-hour high of $2.4683, now trading closer to its 24-hour low of $2.2572. The price action suggests heightened volatility as XRP oscillates between support and resistance levels on the 15-minute chart.
Key Levels to Watch:
• Resistance: $2.3670 – Breaking above this could trigger a retest of the $2.40 zone, opening doors for bullish momentum.
• Support: $2.2572 – A breakdown below this could lead to further downside pressure toward $2.20 or lower.
Trade Setup:
• Long Entry: Above $2.33 with targets at $2.37, $2.40, and $2.45.
• Short Entry: Below $2.25 with targets at $2.20 and $2.15.
• Stop Loss: Tight stops at $2.28 for longs and $2.35 for shorts.
Market Insight:
Volume indicates an intense battle between bulls and bears. The RSI shows oversold conditions, hinting at a possible short-term bounce. However, weak momentum could favor sellers if the $2.25 support fails to hold.
Pro Tip: Monitor price consolidation around these levels for breakout signals. Proper risk management is crucial as XRP faces potential swings in either direction.