$XRP
XRP is currently trading in a consolidation zone after recent volatility. Price is moving between key support and resistance levels.
1️⃣ Support Zone: Strong buying interest near previous demand area. If candles form long lower wicks, buyers are active.
2️⃣ Resistance Zone: Price facing rejection near recent swing high. Multiple upper wicks show selling pressure.
3️⃣ Bullish Scenario: If a strong bullish engulfing candle closes above resistance with high volume, upside continuation possible toward next resistance.
4️⃣ Bearish Scenario: If price breaks support with a strong red candle close, downside move may extend to lower liquidity zone.
5️⃣ RSI: Neutral to slightly bullish; not overbought yet.
6️⃣ Volume: Watch for breakout volume confirmation.
7️⃣ Trend: Short-term sideways, mid-term depends on breakout direction.
8️⃣ 4H Structure: Higher lows still intact (mild bullish bias).
9️⃣ Fake Breakout Risk: Wait for candle close confirmation.
🔟 Trading Idea: Breakout traders wait for confirmation; range traders can buy support / sell resistance with tight stop-loss.#xrp #VVVSurged55.1%in24Hours #PEPEBrokeThroughDowntrendLine