$10 PER #XRP THIS MONTH! YES or NO?

$XRP breaking out with authority after reclaiming the $2.00 psychological level. All moving averages aligned bullishly with MA7 > MA25 > MA99, confirming strong upward momentum. Recent volume surge on green candles indicates genuine buying interest. The breakout from prolonged consolidation suggests continuation potential, though some resistance near $2.10 may cause brief hesitation. Trading Setup: TP1: $2.10 TP2: $2.18 TP3: $2.28 Stop Loss: $1.94

XRP Technical Outlook: Attempting Breakout in a Downtrend Channel, Buying Interest Re-enters After several weeks of steady decline, XRP has experienced its first meaningful rebound and is currently attempting to break through a long descending channel. Buyers have entered from lower demand zones, but XRP still faces multiple resistance layers before confirming a trend reversal. Market Structure and Trends For months, XRP has been trading within a clear downtrend channel, forming: Persistent lower highs Lower lows toward the channel bottom Repeated rejections near the descending resistance trendline Recent rebound indicates early accumulation, but the overall structure remains cautious until XRP confirms sustained movement above the mid-range resistance levels. EMA Structure (First Bullish Signal Formation) XRP is currently testing the short-term EMA while still below the long-term trend indicators: 20 EMA — $1.916 50 EMA — $2.042 100 EMA — $2.229 200 EMA — $2.353 Reclaiming the 20 and 50 EMAs is a positive signal—however, the cluster of the 100–200 EMAs above remains a strong overhead resistance. Breaking above $2.23–$2.35 will significantly enhance the bullish rebound prospects. Fibonacci Resistance Zones After bouncing from the bottom, XRP is challenging Fibonacci retracement levels: 0.236 Fib — $2.216 (First Major Test) 0.382 Fib — $2.492 0.5 Fib — $2.715 0.618 Fib — $2.938 0.786 Fib — $3.256 Breaking through and holding above $2.216 is a key trigger for continuation. Failure to break above may lead to consolidation within the channel. Support and Demand Zones XRP has found strong buying interest near the channel bottom: Immediate Support: $1.99–$1.95 Key Demand: $1.90–$1.88 Major Downtrend Support: $1.77 (Fibonacci 0 level) As long as XRP stays above $1.95, breakout attempts remain valid. Bullish Continuation Scenario If XRP maintains momentum above support levels: $2.216 (0.236 Fib) — Breakout confirmation $2.492 — Trend stabilization $2.715 — Bullish structure recovery $2.938 — Trend reversal zone Breaking out of the downtrend channel and reclaiming the 200 EMA will mark a strong technical shift. Bearish Risk Scenario If price loses momentum and falls below support: Re-test of $1.95–$1.90 Potential decline to $1.77 Re-entry into a bearish channel structure Failure to hold above $1.90 will reopen downside risks. Momentum Indicator (RSI) RSI (14): ~56 RSI has broken above the neutral line, indicating increasing buying strength—but it is not yet overbought, suggesting room for further upside. 📊 Key Levels Summary Resistance Levels $2.216 $2.492 $2.715 $2.938 $3.256 Support Levels $1.99–$1.95 $1.90–$1.88 $1.77 (Major Support) 📌 Summary XRP is rebounding from the channel bottom, attempting a bullish breakout. Momentum is improving, but real confirmation requires sustained突破$2.216 and reclaiming the 100 and 200 EMAs. As long as it stays above $1.95, upward support remains—losing $1.90 could lead to a deeper bearish phase. $XRP