$XRP | Recovery Structure Emerging After February Washout
Following a 45% decline in February, XRP is showing early signs of stabilization. The $1.20 zone has been defended repeatedly—not by chance, but by consistent demand. Higher lows are now forming, marking the first constructive shift in market structure.
Key Observations:
· Volume Remains Elevated – suggests participation, not apathy.
· Wallet Growth & Whale Accumulation – on-chain metrics point to quiet buying during fear.
· Structure: Higher lows indicate sellers are losing momentum; buyers are stepping in with more confidence.
Critical Levels:
· Support: $1.20 (must hold for recovery thesis)
· Resistance to Break: $1.40–$1.50 (first major hurdle)
· Expansion Zone: $1.70+ (if resistance clears with volume)
Outlook:
This is base-building, not a breakout—yet. If $1.20 holds and price reclaims $1.50 with momentum, the recovery could accelerate into a larger expansion. Until then, patience and level-watching are key.
#XRP #CryptoRecovery #TechnicalAnalysis
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