$XRP is consolidating after a 4.80% decline, with $1.12 acting as important range support. Its 4-hour Stochastic RSI is deeply oversold, while concentrated open interest around $1.15 highlights speculative positioning. The corrective retest could offer a recovery opportunity, but elevated retail long positioning creates additional downside risk if support fails.
📈 Bias: Neutral | 🎯 Entry: $1.14–$1.17 | 🛡 Support: $1.12 | 🚧 Resistance: $1.26 | 🎯 Targets: $1.22 / $1.26 / $1.34 | ❌ Invalidation: Daily candle close below $1.10.
Strategy: Watch for a confirmed range-low defense before considering a support-entry trade.
#XRP #Ripple #CryptoTrading #Binance #TechnicalAnalysis
📈 Bias: Neutral | 🎯 Entry: $1.14–$1.17 | 🛡 Support: $1.12 | 🚧 Resistance: $1.26 | 🎯 Targets: $1.22 / $1.26 / $1.34 | ❌ Invalidation: Daily candle close below $1.10.
Strategy: Watch for a confirmed range-low defense before considering a support-entry trade.
#XRP #Ripple #CryptoTrading #Binance #TechnicalAnalysis
