$XRP XRP Hit Major Support! Is a Massive Bounce Loading? 🚀
Post Content:
$XRP is testing a critical level! After a 5.29% slide in the last 24 hours, price action is currently showing signs of stabilization at a major support zone. 🚨
Technical Insights (1H Chart):
Support Base: XRP successfully held the $1.7780 level, which is currently acting as a local bottom.
RSI (10) Alert: Sitting at 36.31, we are in deep oversold territory on the short-term timeframe. Historically, this often leads to a sharp relief rally.
Bollinger Bands: Price is attempting to move back inside the bands after piercing the lower limit (1.7716). A move toward the middle basis line ($1.8452) is the first objective.
Volume Check: A high volume spike at the bottom suggests strong buying interest at these discounted levels.
🎯 Potential Trade Strategy:
Entry Range: $1.8000 - $1.8150
Target 1: $1.8450 (Immediate Resistance/MB)
Target 2: $1.8850 (Gap Fill)
Target 3: $1.9200+ (24h High Recovery)
🛡️ Risk Management:
Stop Loss: Below $1.7650 (Keep it tight to protect your capital!)
Final Thoughts:
Smart money often accumulates when others are fearful. If Bitcoin holds steady, XRP is prime for a recovery back to the $1.90 zone. 💎🙌
Are you buying this dip or waiting for $1.50? Let me know your plan below! 👇
#XRP #Ripple #XRPUSDT #BinanceSquare #CryptoTrading #BuyTheDip
#TechnicalAnalysis