$XRP The current position is very critical.
Technical analysis:
1 Hourly level, the price quickly rebounded from around 1.97.
It has reestablished itself above the middle track, and the K line is consolidating with decreasing volume.
MACD shows a slight golden cross, and momentum is slowly warming up.
However, there is still pressure around 2.05 above.
My opinion:
Bullish, but 'buy on dips', not chasing highs.
As long as it doesn't fall back below 2.00, the bullish structure remains.
Buy Zone:
2.01 – 2.03
TP:
TP1: 2.06
TP2: 2.09
TP3: 2.12
Stop Loss:
Below 1.98
Possible reasons driving the price:
1️⃣ Higher lows, short-term funds beginning to flow back
2️⃣ XRP has obvious support at the 2 dollar integer level
Do you think $XRP can hold 2.1 this time?
Or will it wash again?
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