$XRP just bounced perfectly from the 2.38 zone after a 4% de
Marcus Corvinus
Updated at: 7 hours ago
{"content":"$XRP just bounced perfectly from the 2.38 zone after a 4% decline that’s where buyers came in strong and flipped momentum back upward. The candles are showing clean rejection from the lows, and the short-term structure now hints at a potential bullish recovery phase if price holds above 2.40.
I’m watching this closely because the momentum indicators are turning upward, and volume is gradually returning — both signs of strength building beneath the surface.
Trade Setup
Entry Point: 2.41 – 2.43 (wait for a green candle close confirmation above 2.42)
Target 1: 2.45
Target 2: 2.49
Target 3: 2.53
Stop Loss: Below 2.38 (a close under this breaks the short-term bullish setup)
Reasoning:
I’m seeing consistent rejections from the lower band, showing that the 2.38 level is acting as strong support. RSI and KDJ are both curling upward that’s an early indication of strength returning. If XRP can hold above 2.42 with volume confirmation, a move toward 2.49–2.53 is highly possible.
I’m not trying to catch the bottom just reading the clean technical recovery and playing the structure as it builds strength candle by candle.
Let’s go and Trade now $XRP ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/03/ca91e3c84c53f52f5fd1b84e4c822f1c.jpg"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}