$XRP Stabilizing After Major Drop - Reversal or More Downside? ⚖️
Signal Type: Possible Trend Reversal / Range Build
Pair: XRP/USDT
Timeframe: 1D
Bias: Neutral → Slightly Bullish
XRP dropped sharply from 2.41 and found strong support near 1.11.
Price is now stabilizing around 1.41, showing signs of consolidation.
Market Structure:
• Major downtrend from 2.41 high
• Strong bounce from 1.11 support zone
• Price moving sideways between 1.35 – 1.50
• RSI 54 — neutral momentum
• MACD slowly turning bullish
Plan (Spot – Educational):
Primary Setup: Range Breakout
Entry Zone: 1.50 daily close
Stop Loss: Below 1.35
TP1: 1.62
TP2: 1.90+
Alternative Setup: Support Buy
Entry Zone: 1.30 – 1.25
Stop Loss: Below 1.10
TP1: 1.50
TP2: 1.62
Current Condition:
Market cooling after heavy drop.
Momentum slowly improving.
A break above 1.50 could start the next bullish move.
