$XRP Critical Breakdown Point: Panic Drop or Hidden Buy Zone
Farrah Savannah NQe
Updated at: 18 hours ago
{"content":"$XRP Critical Breakdown Point: Panic Drop or Hidden Buy Zone?
XRP is trading at $3.0555, down 3.36% on the day, and currently sitting on a key support zone near $3.05. After multiple rejections near the $3.15 resistance zone, sellers have taken control. Volume has surged on this pullback—indicating strong interest on both sides.
Key Technical Zones
• Resistance: $3.1000 – $3.1500
A clean breakout above this range could flip structure bullish again.
• Support: $3.0500 – $3.0300
A confirmed breakdown may trigger a sharp move toward lower support levels.
Trade Setup
Bullish Scenario
• Entry: Above $3.1000 (confirmed breakout with volume)
• Target 1: $3.1500
• Target 2: $3.2050
• Stop Loss: Below $3.0350
Bearish Scenario
• Entry: Below $3.0300 (confirmed candle close)
• Target 1: $2.9800
• Target 2: $2.9200
• Stop Loss: Above $3.0950
The current drop is happening on increasing volume—suggesting urgency from participants. This is a high-risk, high-reward zone where confirmation is everything. Avoid blind entries and wait for strong directional signals.
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