๐ธ Key Support Zone at 2.22 - 1.92:
XRP is currently in an accumulation phase within this zone. Holding above this level could trigger a bullish reversal.
๐ธ Upside Target: $5.00+
A successful breakout can lead to a strong rally towards $3.00 - $5.00+.
๐ธ Risk Level at 1.92:
A breakdown below 1.92 may invalidate the bullish outlook and push XRP lower.
๐ธ 2nd Accumulation Zone: 1.60 - 1.30
If XRP loses the 1.92 support, the next strong demand area is between 1.60 - 1.30, where buyers may step in again.
๐ธ Bullish Scenario:
Enter between 2.22 - 1.92, confirmation above 2.50 for an upside move.
Bearish Scenario: If price drops below 1.92, watch for accumulation in 1.60 - 1.30 for a new entry.
Targets: $3.00, $4.00, $5.00+
Stop Loss: Below 1.30 (if entering lower zone).
Overall Sentiment: Bullish on breakout, cautious below 1.92! ๐
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.