XRP/USDT Analysis – Gann-Based Perspective
2025-02-03
Category: None

📉 Current Market Update:

XRP is currently trading at $2.3702, showing a -8.13% decline.
The price tested the 540° Gann level at $2.345, which is acting as a temporary support zone.
The recent price action suggests a possible retest of lower support levels if momentum weakens.
📊 Key Levels to Watch:

🔴 Support Levels:
1️⃣ $2.345 (540° Gann Level) → Immediate support; if broken, XRP may drop further.
2️⃣ $1.885 (450° Gann Level) → Next key support; potential buy zone.
3️⃣ $1.476 (360° Gann Level) → Major support, strong demand expected.

🟢 Resistance Levels:
1️⃣ $2.854 (630° Gann Level) → First resistance; XRP must reclaim this to turn bullish again.
2️⃣ $3.413 (720° Gann Level) → Strong resistance; breakout could confirm long-term bullish momentum.

📉 Potential Scenarios:
✅ Bullish Case:

If XRP holds $2.345, a bounce towards $2.854 is possible.
Breaking $2.854 could open the way for a rally toward $3.413.
❌ Bearish Case:

If XRP loses $2.345, the next target is $1.885.
Further breakdown could push the price to $1.476 or lower.
🚀 Final Thoughts:
XRP is at a critical Gann level! A bounce from here could lead to a bullish recovery, while a breakdown could bring more downside pressure. Traders should watch the $2.345 level closely!

What do you think? Is XRP about to bounce or drop further? 🤔👇