📉 $XRP Critical Alert: Defending the $1.60 Line 🚨
I am watching the $1.60 - $1.63 zone like a hawk today. We are sitting right on the edge of a critical "make or break" level.
My Setup:
🐂 Bullish Case: We need a strong reclaim of $1.75 to confirm a local bottom. If we flip that, $2.00 is back on the table.
🐻 Bearish Case: A confirmed daily close below $1.58 is dangerous. It could open the door to a flush toward $1.25 - $1.30 liquidity.
Indicators: RSI is hovering near neutral (43), meaning there is still room for volatility in either direction.
I'm waiting for a confirmed candle close before entering. Long or Short? What are you opening? 🕯️
Disclaimer: DYOR. Not financial advice.