XRP at Crucial Trendline Support: Bounce or Breakdown Ahead?
2025-02-08
Category: None

XRP is currently holding at a key trendline support within an ascending channel. This level has acted as strong support in the past, and if it holds, we could see a potential bounce.

Support Zone: XRP is testing the lower trendline support, aligning with the 200 EMA.
Potential Rebound: If price holds this level, we may see a bounce towards the next resistance at $2.71 (0.236 Fib level).
Breakdown Risk: A breakdown below this trendline support could trigger further downside, targeting the $1.95 zone.
Monitoring how XRP reacts at this support will be crucial for the next move.

#XRP #Crypto