📊 Current Status: $XRP is down 6%, trading at $2.22, losing most of its recent gains. The broader market remains in red, with Solana and Dogecoin seeing double-digit losses. Analysts suggest XRP may be in a consolidation phase, signaling either a correction or extended sideways movement.
🔑 Resistance Zone: Immediate resistance lies between $2.30–$2.53. If XRP approaches this range, expect selling pressure and potential price reversals. Traders should remain cautious around this key zone.
📉 Critical Support: The $1.96 level serves as a crucial support point. A break below this could trigger further declines, pushing XRP into the lower support range of $1.39–$1.80.
📈 Consolidation Phase: XRP might continue moving sideways within its current range. If it holds above $1.96, a breakout toward the $2.30–$2.53 resistance zone could follow, paving the way for potential gains.
⚠️ Downside Risk: A drop below $1.96 could lead to a deeper correction, targeting $1.39–$1.80. This range will be pivotal for determining a potential reversal or further downside.
🔥 Conclusion: XRP faces a make-or-break moment with resistance at $2.30–$2.53 and critical support at $1.96. Traders should closely watch these levels for clearer direction in the coming days. 📊📈
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