$XRP Violent correction and an attempt to hold at psychological support! ⚖️📉
1️⃣ Positive Scenario (Rebound):
Technical Analysis: The currency is currently trading at a very important psychological level of $2.00. The price is trying to build a temporary support base here after the sharp drop from the peak of $3.5. If buyers succeed in defending the $2.00 area and a green reversal candle appears, we will witness a corrective rebound wave upwards to compensate for part of the losses.
Targets:
🎯 T1: 2.55 (Sub-resistance area)
🎯 T2: 2.90 (Testing supply areas)
🚀 Full Extension: 3.30
2️⃣ Negative Scenario (Support Break):
Technical Analysis: The selling momentum is still strong, and if the price fails to hold above the $2.00 level and is broken with a daily close, the price will directly head to test the historical support areas indicated by the thick white line on the chart. This level is considered the last line of defense for buyers in the medium term.
Bearish Targets:
🔻 Target: 1.2815
