🚨 XRP/USDT
It is now under pressure as the next move is critical 🚨
The current price ranges to 2.2918 by (-3.76%)
The highest price during the 24 hours is 2.4400
The lowest price during the 24 hours is 2.2100
The current trading volume is high which indicates the accumulation of pressure for a possible rally or additional correction.
The main levels to watch are 👇🏻
The price resistance is 2.4400 as #XRP needs to regain this level to target 2.75 again and above. A break above this price may ignite the bullish momentum again (I hope so).
As for the support 2.2100, maintaining this level is vital to prevent a decline towards 2.00 or lower, as failure to maintain this support may lead to panic selling and fear to avoid further losses.
The possible scenarios that may occur are:
As for the bullish case, its push above 2.4400 may lead XRP to retest 2.75 and perhaps 3.00, and this is very likely driven by strong interest from investors to buy.
As for the bearish case, which is the loss of support at 2.2100, it may open the door to a decline towards 2.00, which creates a potential opportunity to buy and consolidate at the time of the decline.