After weeks of bearish pressure, XRP has just tapped a strong demand zone between $2.14700 – $2.09859 (highlighted in orange). Price is now showing bullish signs and could be gearing up for a major reversal. Here's a detailed breakdown of the current setup:
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🔍 Key Levels:
🔵 Major Resistance 1: $2.36473 – Previous structure high + breakout target
🔵 Major Resistance 2 (Supply Zone): $2.58098 – Strong selling interest previously
🟠 Strong Demand Zone: $2.14700 to $2.09859 – Multiple rejections and accumulation
🔴 Current Price: $2.20984 – Rebounding from the demand zone
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🧠 Technical Outlook:
Visible Range (LuxAlgo): Shows heavy historical volume interest near $2.36 and $2.58 – these are critical targets for bulls.
Triple Bottom-Like Formation forming inside the demand zone – a classic reversal signal.
Bullish Momentum building as sellers fail to push lower – clear sign of absorption.
Volume + Wicks = Accumulation Phase? Smart money may be stepping in here.
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📈 Trade Idea (Not Financial Advice!):
Buy Zone: $2.10–$2.20
Target 1: $2.36
Target 2: $2.58
Stop Loss: Below $2.09 or structure low
Risk/reward is looking 🔥 if momentum confirms.
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🧨 What to Watch:
Bullish break and retest of $2.26833 = early confirmation
Sharp breakout above $2.36473 = strong momentum shift
Volume spike near $2.21–$2.23 = possible whale entry
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🧠 Community Question:
Do you think XRP is setting up for a major rally in June? Or is this another bull trap?
👇 Drop your TA below – Let’s talk setups, confirmations, and targets!
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📌 Like & Follow for more clean charts, no fluff TA, and real trading insight!
#XRP #Crypto #XRPUSD #Ripple #Altcoins #TechnicalAnalysis #LuxAlgo #PriceAction #CryptoTA #TradingView #SupplyAndDemand #SmartMoney
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🔍 Key Levels:
🔵 Major Resistance 1: $2.36473 – Previous structure high + breakout target
🔵 Major Resistance 2 (Supply Zone): $2.58098 – Strong selling interest previously
🟠 Strong Demand Zone: $2.14700 to $2.09859 – Multiple rejections and accumulation
🔴 Current Price: $2.20984 – Rebounding from the demand zone
---
🧠 Technical Outlook:
Visible Range (LuxAlgo): Shows heavy historical volume interest near $2.36 and $2.58 – these are critical targets for bulls.
Triple Bottom-Like Formation forming inside the demand zone – a classic reversal signal.
Bullish Momentum building as sellers fail to push lower – clear sign of absorption.
Volume + Wicks = Accumulation Phase? Smart money may be stepping in here.
---
📈 Trade Idea (Not Financial Advice!):
Buy Zone: $2.10–$2.20
Target 1: $2.36
Target 2: $2.58
Stop Loss: Below $2.09 or structure low
Risk/reward is looking 🔥 if momentum confirms.
---
🧨 What to Watch:
Bullish break and retest of $2.26833 = early confirmation
Sharp breakout above $2.36473 = strong momentum shift
Volume spike near $2.21–$2.23 = possible whale entry
---
🧠 Community Question:
Do you think XRP is setting up for a major rally in June? Or is this another bull trap?
👇 Drop your TA below – Let’s talk setups, confirmations, and targets!
---
📌 Like & Follow for more clean charts, no fluff TA, and real trading insight!
#XRP #Crypto #XRPUSD #Ripple #Altcoins #TechnicalAnalysis #LuxAlgo #PriceAction #CryptoTA #TradingView #SupplyAndDemand #SmartMoney
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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.