$XRP : Is $1.25 the level bulls need to defend?
XRP dropped 2.86% to around $1.29, while trading volume fell 24.1%. That combination has me watching support rather than rushing into a trade.
Here’s what matters on the chart:
🔻 Below $1.25: Selling pressure could increase, with $1.20 as the next level to watch. A deeper breakdown could bring the $0.80 risk scenario into focus.
🔹 Bullish recovery: XRP needs to regain $1.34 first, then challenge the $1.40–$1.50 zone to show stronger recovery potential.
I wouldn’t treat the double top as confirmed until support breaks. For now, I am watching how price reacts around $1.25 before making a decision.
Would you buy the dip or wait for confirmation?
#XRP $XRP
XRP dropped 2.86% to around $1.29, while trading volume fell 24.1%. That combination has me watching support rather than rushing into a trade.
Here’s what matters on the chart:
🔻 Below $1.25: Selling pressure could increase, with $1.20 as the next level to watch. A deeper breakdown could bring the $0.80 risk scenario into focus.
🔹 Bullish recovery: XRP needs to regain $1.34 first, then challenge the $1.40–$1.50 zone to show stronger recovery potential.
I wouldn’t treat the double top as confirmed until support breaks. For now, I am watching how price reacts around $1.25 before making a decision.
Would you buy the dip or wait for confirmation?
#XRP $XRP