XRP at a Critical Breakout Zone โ Bullish Reversal or Just a Relief Bounce?
#XRP is showing signs of strength again after defending the $2.00 psychological support with conviction. Buyers stepped in once the price stabilized, helping XRP reclaim $2.020 and $2.050, and move back above the 100-hour SMA, a strong signal that short-term structure is turning constructive. But the real battle is happening now. $XRP is struggling to break the $2.10 resistance, which aligns with the 23.6% Fibonacci retracement of the drop from $2.2130 to $1.990. A key bearish trendline near $2.090 has rejected multiple attempts โ and this remains the first major wall bulls must overcome. This brings up the big question ๐ Is this a true bullish reversal or just a temporary bounce? ๐ Indicators support continuation: MACD is rising steadily in the bullish zone RSI > 50, showing buyers are in control Price is holding above the 100-hour SMA If XRP breaks above $2.10 and clears the trendline at $2.090, the next levels are: $2.1250 โ first major confirmation $2.160 โ strong momentum zone Above that, targets open toward $2.220, $2.280, and $2.350 A daily close above $2.1250 followed by stability above $2.160 would shift XRP from recovery phase into a strong bullish continuation. But downside risks still exist. If XRP gets rejected at $2.10: First support: $2.050 Key support: $2.00
Losing $2.00 could trigger deeper correction toward $1.9650 and $1.920
๐ Bullish invalidation level: A close below $2.00 โ this would confirm recovery failure and put bears in full control, opening the door toward $1.850. For now, the chart remains constructive: MACD rising โ RSI steady โ Price above SMA โ Momentum building.# $XRP is tightening in a range, preparing for a decisive move. Break above $2.10 = bullish continuation Rejection = pullback toward $2.05 / $2.00 $XRP stands at a critical junction โ the next move could define the trend. #XRP#CryptoAnalysis#BullishOrBearish #BinanceSquare
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