XRP Up 28% From Our Support Call – What’s Next?
XRP perfectly respected the FVG 1 zone around $1.60, which we previously marked as a strong support. Since then, price has rebounded over 28% from that level.
Hope you didn’t get caught buying the $2.40–$2.50 zone — as warned, that area showed signs of exhaustion, and price has dropped 30% since.
What’s Next?
If bullish momentum continues, #XRP could revisit the $2.40–$2.50 resistance area. However, this zone may act as a rejection point once again.
From there, we could potentially see a pullback toward $1.30 and $1.00, which aligns with FVG support zones and the 0.5–0.618 Fib retracement levels — key areas where a strong bounce is likely.
🟢 Macro Bias: I remain bullish on XRP/USDT in this cycle and still expect a move toward $7–$10 in the broader bull market. Best entries will likely come during dips into major support zones.
❌ Invalidation Level: This chart setup gets invalidated on an HTF close above $2.50.
Keep it smart — entries on dips, not at tops. 👀
Hope you didn’t get caught buying the $2.40–$2.50 zone — as warned, that area showed signs of exhaustion, and price has dropped 30% since.
What’s Next?
If bullish momentum continues, #XRP could revisit the $2.40–$2.50 resistance area. However, this zone may act as a rejection point once again.
From there, we could potentially see a pullback toward $1.30 and $1.00, which aligns with FVG support zones and the 0.5–0.618 Fib retracement levels — key areas where a strong bounce is likely.
🟢 Macro Bias: I remain bullish on XRP/USDT in this cycle and still expect a move toward $7–$10 in the broader bull market. Best entries will likely come during dips into major support zones.
❌ Invalidation Level: This chart setup gets invalidated on an HTF close above $2.50.
Keep it smart — entries on dips, not at tops. 👀
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
