$XRP going to bounce from this level? wdyt?

$XRP is on my radar because the selloff already tapped a strong demand zone and price reacted immediately from the lows. I’m seeing sellers slow down right where buyers usually defend, which makes this area interesting for a bounce.

Market read
Price moved down in a clear bearish sequence, swept the lower range around the recent low, and printed a reaction. I’m seeing long lower wicks and smaller candles, showing selling pressure is getting absorbed. Structure is still weak, but momentum is stabilizing at demand. This looks more like exhaustion than continuation.

Entry point
1.50 – 1.52
I’m interested in this zone because it sits directly above demand where price already showed support.

Target point
TP1: 1.56
TP2: 1.60
TP3: 1.63

TP1 is the first relief bounce area.
TP2 is the prior breakdown zone.
TP3 is the higher liquidity area if recovery builds strength.

Stop loss
1.47
If price breaks and holds below this level, the demand idea fails and I’m out.

How it’s possible
This works if demand continues to hold and sellers fail to push price below the recent low. The sharp selloff already cleared liquidity, and the current reaction suggests absorption and a controlled recovery rather than another leg down.

I’m trading structure and reaction, not guessing.

Let’s go and Trade now $XRP