$XRP Approaches a Critical Zone as Chart Structure Tightens 🚨

XRP rebounded above 2.17 dollars after tapping into a fair value gap just below the 2 dollar mark. This zone was established during the November 21 recovery at 1.80 dollars. This action confirms active buyers are stepping in at discounted levels, despite the broader market's multi-month downtrend. ✨

Technically, XRP still shows lower highs, but the accumulation zone under 2.30 dollars is tightening like a compressed spring. A daily close above 2.30 dollars would signal the first significant trend shift since July, confirming a bullish structure break. This could open the path toward the 2.58 dollar liquidity cluster. 📈

Recently, XRP has repeatedly showcased volatile swings between extreme liquidity pockets. The 2.34 to 2.42 dollar area is identified as a sell-side imbalance where early profit-taking might emerge. When market momentum flips, XRP often slices through intermediate resistance levels, making the 2.58 dollar target a realistic upside magnet. 🎯

RSI currently shows a slightly bullish lean. Reclaiming the 200-day simple moving average would strongly confirm a trend reversal. Futures open interest has notably dropped from 8.6 billion dollars to 3.8 billion dollars in Q4. This thinner positioning in derivatives suggests price action could accelerate quickly once a new trend establishes. 🚀

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