Currently trading right at the key horizontal support area, showing multiple successful defenses at this price level. The price is also under pressure from the downward trendline, and as the candlesticks narrow near the support level, sellers are evidently losing momentum.
If the price breaks through the downward trendline, it could trigger a rebound, especially if the daily candlestick close can surpass approximately $2.10. As long as Ripple can hold the demand zone, the upward momentum may continue, with the next target around $2.25 to $2.40.
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XRP Ripple Technical Analysis
Currently trading right at the key horizontal support area, showing multiple successful defenses at this price level. The price is also under pressure from the downward trendline, and as the candlesticks narrow near the support level, sellers are evidently losing momentum.
If the price breaks through the downward trendline, it could trigger a rebound, especially if the daily candlestick close can surpass approximately $2.10. As long as Ripple can hold the demand zone, the upward momentum may continue, with the next target around $2.25 to $2.40.