$XRP Consolidation & Critical Support Defense 🚀
Entry Zone: 1.365 – 1.395
Bullish Above: 1.440
TP1: 1.468
TP2: 1.490
TP3: 1.550
SL: 1.350
$XRP is currently navigating a period of tight consolidation on the 4H chart after a significant retracement from its recent peak at 1.4908. The price is currently trading around 1.4011, showing a minor dip of -0.78% as it seeks to establish a firm base.
We are seeing strong defensive action around the 1.3618 support level, which has acted as a springboard for recent bounces. The price is currently squeezed between the immediate support and the overhead resistance near 1.4405. A clean breakout and daily close above the 1.440 mark would signal a trend reversal, clearing the path to re-test the psychological 1.50 barrier.
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