$XRP Update: Rebound in Progress or Just a Relief Rally?
$XRP is currently trading around $1.94, showing a modest +3.14% gain on the daily chart. After hitting a local high near $2.34, we’ve seen a significant pullback, but the bulls seem to be defending the $1.77 level quite well.
🔍 Technical Breakdown:
Support & Resistance: We found strong support at $1.7711. For a real bullish continuation, we need to see XRP break and hold above the $2.00 psychological barrier.
MACD Sentiment: The MACD is still hovering in negative territory (DIF: -0.0786), suggesting that while we have a green candle today, the overall momentum hasn't fully flipped back to "aggressive buy" just yet.
Volume: Volume remains steady, but we need a bigger spike to confirm that this isn't just a "dead cat bounce."
💡 My Take:
The market is clearly in a consolidation phase. If Bitcoin stays stable, XRP could easily test the $2.10–$2.20 range again. However, if we lose the $1.75 support, we might see a deeper correction toward $1.60.
What’s your move?
🚀 Loading up more?
💎 Just holding?
📉 Waiting for a lower entry?
Let’s discuss in the comments! 👇
#XRP #CryptoTrading #BinanceSquare #Altcoins #TechnicalAnalysis
