$XRP is sitting at one of the most important levels on the chart.
Price is hovering around 1.05, while RSI is approaching oversold territory. That doesn't guarantee a reversal, but it does mean downside momentum may be losing strength.
My plan:
🟢 Bullish: Wait for a confirmed reclaim above 1.10. That increases the probability of a move toward 1.18 to 1.20, where the larger trend will be tested.
🔴 Bearish: If 1.00 fails on strong volume, I wouldn't try catching the falling knife. The next major demand zone sits near 0.80.
The key here is patience. Confirmation usually pays better than prediction.
Are you buying this support, or waiting for the breakout?
Price is hovering around 1.05, while RSI is approaching oversold territory. That doesn't guarantee a reversal, but it does mean downside momentum may be losing strength.
My plan:
🟢 Bullish: Wait for a confirmed reclaim above 1.10. That increases the probability of a move toward 1.18 to 1.20, where the larger trend will be tested.
🔴 Bearish: If 1.00 fails on strong volume, I wouldn't try catching the falling knife. The next major demand zone sits near 0.80.
The key here is patience. Confirmation usually pays better than prediction.
Are you buying this support, or waiting for the breakout?