XRPUSDT XRP is testing a critical support confluence around $1.95 — right where the 200 EMA intersects with the horizontal support zone. The price structure is forming a rounded top, which could signal a potential trend reversal unless bulls step in soon.
The mid S/R zone (~$2.30) acted as a strong rejection zone, and XRP is now trading below that level, reflecting sustained selling pressure.
🔍 Key Technical Levels: Resistance: $2.30 – $2.60
Support: $1.90 – $2.00 (with 200 EMA dynamic support)
Breakdown below $1.95 = potential drop toward $1.60
Bullish reclaim only above $2.20 with strong volume
Bearish bias in the short term unless XRP reclaims the neckline of the arc. All eyes on how price reacts at the 200 EMA zone — a bounce or breakdown will shape the next move.
Let me know in the comments — Are you long, short, or watching from the sidelines? 👇 BTCUSDT ETHUSDTBNBUSDT
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XRPUSDT XRP is testing a critical support confluence around $1.95 — right where the 200 EMA intersects with the horizontal support zone. The price structure is forming a rounded top, which could signal a potential trend reversal unless bulls step in soon.
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