XRP ANALYSIS:
$XRP is trading around $2.2, sitting just below a key descending trendline. The price action suggests a potential rebound if support levels hold, with a bullish target of $3.5062 in sight.
Critical Levels:
Support: $2.00 (psychological level) and $1.75-$1.60 (demand zone).
Resistance: $2.50 (trendline breakout point) and $3.5062 (key bullish target).
Bullish Scenario: A breakout above $2.50 could drive XRP toward $3.50, signaling a strong reversal.
Bearish Scenario: Failure to hold $2.00 may lead to a dip toward $1.75 or lower.