XRP price analysis
XRP $2.03 weak bounce off the crucial $2 support suggests a lack of aggressive buying by the bulls at the current levels.
That heightens the risk of a break below $2. If that happens, the XRP/USDT pair will complete a bearish head-and-shoulders pattern. This negative setup could start a downward move to $1.27. There is support at $1.77, but it is likely to be broken.
On the upside, a break and close above the 50-day SMA ($2.39) suggests solid buying at lower levels. The pair may then rally to the resistance line, where the bears are expected to mount a strong defense. A break and close above the resistance line signals a potential trend change.
$XRP
#TrumpTariffs #BinanceAlphaAlert
XRP $2.03 weak bounce off the crucial $2 support suggests a lack of aggressive buying by the bulls at the current levels.
That heightens the risk of a break below $2. If that happens, the XRP/USDT pair will complete a bearish head-and-shoulders pattern. This negative setup could start a downward move to $1.27. There is support at $1.77, but it is likely to be broken.
On the upside, a break and close above the 50-day SMA ($2.39) suggests solid buying at lower levels. The pair may then rally to the resistance line, where the bears are expected to mount a strong defense. A break and close above the resistance line signals a potential trend change.
$XRP
#TrumpTariffs #BinanceAlphaAlert
