While the crowd keeps fading Ripple, XRP is quietly staging a recovery from the critical $2.00 psychological level, gaining nearly 2% in today’s session. Buyers are once again defending this zone successfully, suggesting that a short-term bullish wave may be forming, even though the broader trend still moves inside a large descending channel on the daily timeframe.
This rebound does NOT mean the downtrend is over — but it does mean the next directional move is approaching fast.
Key Technical Levels to Watch on XRP
If bullish momentum continues, XRP could grind higher toward the upper resistance of the descending channel near $2.18, a zone defined by the October 6 and November 10 swing highs.
A clean daily breakout above $2.18 would shift market structure to bullish and potentially open the path toward the 200-day EMA around $2.47, which acts as the next major upside magnet.
Momentum Signals Are Improving
MACD: The MACD line (blue) has just crossed back above the signal line (red), weakening the prior sell signal and confirming an early momentum shift.
RSI: Currently at 44 and rising, moving back toward neutral territory — a sign that selling pressure is fading and buyers are regaining confidence.
These indicators support the current bounce, but confirmation still depends on a breakout above resistance.
⚠️ Critical Downside Support Remains at $1.90
On the downside, the $1.90 support level remains the bulls’ final line of defense, aligning with the June 22 low.
If this level fails, XRP could slide quickly into a deeper bearish continuation.
✅ XRP Trading Plan (High-Probability Setup)
🔵 Buy Setup (Breakout Play)
Buy Entry: $2.20 – $2.23 (confirmed daily close above $2.18)
Take Profit 1: $2.35
Take Profit 2: $2.47 (200 EMA)
Stop Loss: $2.05
🔴 Sell Setup (Support Breakdown)
Sell Entry: $1.88 – $1.90 (clean breakdown of support)
Take Profit 1: $1.75
Take Profit 2: $1.61
Stop Loss: $2.03
Final Verdict
XRP is bouncing inside a bearish channel, but momentum indicators are quietly flipping bullish.
Above $2.18 → Trend reversal in play.
Below $1.90 → Bears take full control.
This is exactly where big moves usually begin — when retail is most confused.
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