🚨 $XRP Technical Analysis – Critical Support Zone in Focus


XRP has been under heavy selling pressure alongside the broader market, breaking below key moving averages as Bitcoin lost the $60k level. Currently trading near the $1.09 – $1.12 area, the token is testing a major decision zone.
Indicator Snapshot
- RSI (14): ~30–36 → Oversold territory. Selling pressure may be exhausting, but momentum remains weak.
- Moving Averages: Price trading below 10/20/50 EMAs → Confirmed short-term bearish structure.
- Price Action: Series of lower highs and lower lows. Breakdown below $1.18–$1.20 triggered further selling.

Trade Setups
Bullish Bounce Play (Higher Probability if $1.09 holds):

- Entry Zone: $1.08 – $1.11 (support test + confirmation)
- Stop Loss: Below $1.04 (tight)
- TP1: $1.18 | TP2: $1.25
- Risk/Reward: Attractive on a relief bounce

Bearish Breakdown Play:
- Decisive daily close below $1.09 opens path toward $1.04 → $1.00 zone.
XRP-3.92%
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GateUser-0834a1ba
· 1h ago
1000x Vibes 🤑
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mcto
· 4h ago
Diamond Hands 💎
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