$XRP : DOUBLE LOW TEST—SUPPORT HOLD OR BREAKDOWN?
XRP/USDT is around $1.1624, testing the $1.151–$1.152 double-low area after a series of lower highs and lower lows.
The larger trend is still down. Price has lost the early-November range and the October low, while volume remains below its 30-day average so buyers have not yet shown a strong reversal.
📍 Key support: $1.151–$1.152
📍 Next support: $1.10–$1.12
📍 First resistance: $1.18–$1.19
📍 Major resistance: $1.20–$1.21, then $1.245–$1.255
✅ Buy setup #1: Support bounce
Watch zone: $1.152–$1.155
Trigger: a visible bounce and hold above the double low
Entry: only after the bounce confirms
Stop: below $1.140
TP1: $1.18
TP2: $1.20–$1.21
✅ Buy setup #2: Reclaim-and-retest
Trigger: a close above $1.21–$1.22
Entry: on a successful retest of the reclaimed zone
Stop: below the retest low / reclaimed zone
TP1: $1.245–$1.255
TP2: $1.30
❌ No blind buy at $1.1624
From here, the first resistance at $1.18 gives only about 0.79R with a $1.140 stop. That fails a 1.5R minimum.
⚠️ Risks
A $1.140 stop is only about 1.9% away; weekend liquidity can make XRP move sharply.
A limit order at $1.155 may fill during a flush without a real bounce wait for the hold.
If $1.15 breaks, the next support is $1.10–$1.12; do not treat a falling price as a bargain.
The daily candle still has several hours left, so today’s low is not final.
Status: support-hold and reclaim watch—not an active buy yet.
💬 Will XRP hold the $1.15 double low, or break down toward $1.10–$1.12?
#xrp #Ripple #cryptotrading #SpotTrading #tradeplan
XRP/USDT is around $1.1624, testing the $1.151–$1.152 double-low area after a series of lower highs and lower lows.
The larger trend is still down. Price has lost the early-November range and the October low, while volume remains below its 30-day average so buyers have not yet shown a strong reversal.
📍 Key support: $1.151–$1.152
📍 Next support: $1.10–$1.12
📍 First resistance: $1.18–$1.19
📍 Major resistance: $1.20–$1.21, then $1.245–$1.255
✅ Buy setup #1: Support bounce
Watch zone: $1.152–$1.155
Trigger: a visible bounce and hold above the double low
Entry: only after the bounce confirms
Stop: below $1.140
TP1: $1.18
TP2: $1.20–$1.21
✅ Buy setup #2: Reclaim-and-retest
Trigger: a close above $1.21–$1.22
Entry: on a successful retest of the reclaimed zone
Stop: below the retest low / reclaimed zone
TP1: $1.245–$1.255
TP2: $1.30
❌ No blind buy at $1.1624
From here, the first resistance at $1.18 gives only about 0.79R with a $1.140 stop. That fails a 1.5R minimum.
⚠️ Risks
A $1.140 stop is only about 1.9% away; weekend liquidity can make XRP move sharply.
A limit order at $1.155 may fill during a flush without a real bounce wait for the hold.
If $1.15 breaks, the next support is $1.10–$1.12; do not treat a falling price as a bargain.
The daily candle still has several hours left, so today’s low is not final.
Status: support-hold and reclaim watch—not an active buy yet.
💬 Will XRP hold the $1.15 double low, or break down toward $1.10–$1.12?
#xrp #Ripple #cryptotrading #SpotTrading #tradeplan
