our chart clearly marks that XRP has bounced off a strong buy zone (around the $2.10–$2.15 range), aligning well with a classic setup: price hitting support, creating a small base, and starting an upward rotation. 👇
Support area respected – The highlighted circle shows XRP revisiting the demand zone and quickly rebounding, very bullish behavior.
Lower wicks & volume spike – Indicate absorption of selling pressure and possible institutional interest.
Green arrow projection – Suggests a break above the immediate resistance (~$2.17 EMA/Ichimoku levels) could trigger a rally toward the next resistances around $2.22, $2.47, and potentially $2.63.
“Still in buy zone” annotation – Absolutely valid: as long as XRP stays above that key base ($≈$2.10), the bullish case holds.
🔍 Market Context
Range consolidation between ~$2.10–$2.30 has been the dominant theme, awaiting a breakout catalyst (e.g., ETF approvals or legal clarity)
thecryptobasic.com
+14
fxempire.com
+14
crypto.news
+14
.
Analysts highlight a falling wedge and support zone between $2.00–$2.20—if price holds, a move toward $3–$4 is plausible .
A range-bound weekly outlook anticipates a push toward $2.50 resistance before exploring higher targets .
✔️ Summary
Buy zone holding: Bullish pattern confirmed with rebound from support.
Key resistance levels: Watch for a breakout above $2.17/EMA and then $2.22–$2.30/$2.50.
Ideal strategy: Maintain position above support; add on breakout, targeting $2.50–$3.00.
Risk points: A drop below $2.10 could test $2.00 or even $1.85 support.
Support area respected – The highlighted circle shows XRP revisiting the demand zone and quickly rebounding, very bullish behavior.
Lower wicks & volume spike – Indicate absorption of selling pressure and possible institutional interest.
Green arrow projection – Suggests a break above the immediate resistance (~$2.17 EMA/Ichimoku levels) could trigger a rally toward the next resistances around $2.22, $2.47, and potentially $2.63.
“Still in buy zone” annotation – Absolutely valid: as long as XRP stays above that key base ($≈$2.10), the bullish case holds.
🔍 Market Context
Range consolidation between ~$2.10–$2.30 has been the dominant theme, awaiting a breakout catalyst (e.g., ETF approvals or legal clarity)
thecryptobasic.com
+14
fxempire.com
+14
crypto.news
+14
.
Analysts highlight a falling wedge and support zone between $2.00–$2.20—if price holds, a move toward $3–$4 is plausible .
A range-bound weekly outlook anticipates a push toward $2.50 resistance before exploring higher targets .
✔️ Summary
Buy zone holding: Bullish pattern confirmed with rebound from support.
Key resistance levels: Watch for a breakout above $2.17/EMA and then $2.22–$2.30/$2.50.
Ideal strategy: Maintain position above support; add on breakout, targeting $2.50–$3.00.
Risk points: A drop below $2.10 could test $2.00 or even $1.85 support.
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Join My telegram channel Free:
t.me/tamesbulltarder139
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/tamesbulltarder139
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.