Thoughts on #XRP
$XRP has pulled back directly into its high-timeframe horizontal demand floor around $1.28–$1.31 on the daily chart. Historically, this key zone has acted as a strong pivot point, making it a reliable area for buyers to step in and defend $XRP price action once again.
Holding above this horizontal support level sets the stage for a reversal bounce toward the overhead EMAs near $1.37–$1.40. A successful reclamation of those moving averages will open the door for an expansion push back toward the $1.60+ resistance targets.
$XRP has pulled back directly into its high-timeframe horizontal demand floor around $1.28–$1.31 on the daily chart. Historically, this key zone has acted as a strong pivot point, making it a reliable area for buyers to step in and defend $XRP price action once again.
Holding above this horizontal support level sets the stage for a reversal bounce toward the overhead EMAs near $1.37–$1.40. A successful reclamation of those moving averages will open the door for an expansion push back toward the $1.60+ resistance targets.