Trade setup: Long Position
Support Zone: $1.95 — $1.82
Resistance: $2.12, $2.28, $2.45
Entry Zone: $1.95 — $2.00
Take Profit 1: $2.12
Take Profit 2: $2.28
Take Profit 3: $2.45
Stop Loss: $1.80 (Below recent swing low at $1.8209)
XRP is currently in a corrective downtrend, trading around $2.03 while hovering just above a key support band between $1.95 and $1.82. Price has been respecting this lower range, and repeated tests indicate buyer presence, though momentum remains weak. The RSI(14) at ~41 suggests mild bearish pressure but not oversold yet, leaving room for a potential relief bounce if buyers defend the support zone. For a safer entry, price dipping into $1.95–$2.00 provides a favorable risk-to-reward profile as it aligns with structural demand. A bullish reversal confirmation would require reclaiming the $2.12 resistance with strong volume; clearing $2.28 opens the path toward higher targets. Until then, traders should expect range-bound action with a higher probability of bounce as long as $1.82 remains intact.
