$XRP remains bearish-to-neutral following its significant weekly decline. Price is consolidating around $1.05–$1.06, while Binance futures open interest has dropped to a three-month low, indicating a leverage reset. The psychological $1.00 level remains the critical support area. A successful defense could create a recovery opportunity, but weak momentum and broader Bitcoin weakness remain important risks.
📈 Bias: Bearish-to-Neutral | 🎯 Entry: $1.01–$1.04 | 🛡 Support: $1.00 / $0.96 | 🚧 Resistance: $1.11 / $1.18 | 🎯 Targets: $1.09 / $1.14 / $1.20 | ❌ Invalidation: Below $0.985
Strategy: Watch for confirmation around the $1.00 psychological support before considering a long scalp. Avoid entering without evidence of buyer defense.
#XRP #Ripple #BinanceTrading #CryptoAnalysis #XRPUSDT
📈 Bias: Bearish-to-Neutral | 🎯 Entry: $1.01–$1.04 | 🛡 Support: $1.00 / $0.96 | 🚧 Resistance: $1.11 / $1.18 | 🎯 Targets: $1.09 / $1.14 / $1.20 | ❌ Invalidation: Below $0.985
Strategy: Watch for confirmation around the $1.00 psychological support before considering a long scalp. Avoid entering without evidence of buyer defense.
#XRP #Ripple #BinanceTrading #CryptoAnalysis #XRPUSDT
