🚨$XRP Continues Defending the .5 Macro Support! Stay Calculated on Any Breakout! 🚨
$XRP continues to respect the macro .5 support at ~$2.03, and now we’re seeing another critical test of that level. After the strong reaction a few days ago, price pushed into the local trendline resistance near $2.165, which is becoming more and more defined as multiple touches build structure on the chart.
📉From there, XRP pulled back to the macro .5 again. We did see a slight dip under the fib, but the structure still looks okay. Importantly, price did NOT break below $1.97, which is the line in the sand for confirming the pink (bearish) scenario that targets the macro .618 at $1.64. As long as $1.97 holds, the deeper retracement scenario is not confirmed.
The move below the .5 support also created a bullish divergence up to the 4H timeframe, which gives us short-term support for another reaction upward. We want to see XRP reclaim the macro .5 at $2.03 and hold it as support. Remember - we don’t chase resistance breaks! The ideal entry is always on the backtest of support, not the initial breakout. A clean breakout could first reach the trendline around $2.14, then pull back to the $2.03 fib for confirmation.
Our major levels have not changed:
-Macro supports: $2.03 (.5) and $1.64 (.618)
-Macro resistance: $2.41 (.236) breaking this confirms the bullish purple scenario
If purple plays out, the next measured targets stand around $2.75 and $2.90. 🚀If pink takes over, $1.97 breaks and XRP works toward the $1.64 major support. ⏬
No official confirmation yet, but I wanted to explain short-term what we could be seeing and remind you to NOT CHASE the breakout! Stay calculated to remove emotions! ☺️
