🛡️ $XRP UPDATE: Testing Major Support—Bounce or Breakdown? 📊📉
XRP is currently under heavy bearish pressure, trading at $1.3610 with a -3.90% drop today. The price has recently touched its local support floor at $1.3571 and is now struggling to find stability.
🔍 Technical Deep Dive:
• Resistance Barrier: The 1H Supertrend is RED, showing a strong resistance level at $1.4054. As long as the price stays below this, sellers remain in control.
• Support Validation: The immediate major support is at $1.3571. A break below this level could trigger a deeper correction.
• Order Book Sentiment: Despite the price drop, the Order Book shows 54.61% Longs vs 45.39% Shorts. This indicates that smart money and retail buyers are actively accumulating during this dip.
🎯 The Professional Trade Plan:
🟢 Bullish Scenario (The Recovery Play):
• Entry Range: $1.3570 – $1.3650 (Accumulation within this support zone).
• Targets: $1.4050 (Supertrend Resistance) | $1.4292 (24h High) | $1.4690+ 🚀.
• Stop Loss: $1.3450 (Safety net below the support floor).
🔴 Bearish Scenario (Breakdown Alert):
• Confirmation: A 1H candle close below $1.3571.
• Next Support Levels: $1.3200 | $1.2850 🩸.
• Stop Loss: $1.3850.
🔥 Pro Insight: XRP is currently testing the patience of the bulls. With a high 24h volume of $234.70M USDT, liquidity is massive. Keep a close eye on the $1.35 floor; if it holds, we could see a rapid "V-shape" recovery toward $1.40!
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