🚨 $XRP /USDT - Pullback After Recent Rally
Current Price: $2.1899 (-4.48%)
Timeframe: 1H Chart (Binance)
Ripple (XRP) is witnessing a correction after failing to hold above $2.25, with a sharp dip from the $2.3858 resistance level. The price is testing lower support zones, which could act as a potential reversal point.
Key Levels:
Immediate Support: $2.16
Resistance: $2.25 and $2.38
Re-entry Zone: $2.15–$2.20
Targets:
Short-Term Target: $2.30
Extended Target: $2.38
Risk Management:
Stop Loss: $2.10
Analysis:
The recent sell-off appears to be a retracement rather than a complete trend reversal. If the $2.16 support holds, XRP could rebound toward $2.30 and retest the $2.38 resistance. However, failure to hold above $2.16 may trigger further declines.
Trading Advice:
Monitor price action closely at $2.16 for signs of recovery. Consider taking partial profits near $2.30, and adjust your stop-loss to minimize risk during volatile conditions.
Stay cautious, as the market sentiment remains mixed following this pullback!
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