🚨 $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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