๐ XRP โ Entering a Decision Zone
$XRP current Price: $2.20654 (+1.36%)
We're hovering just below the $2.215 pivot โ a level thatโs acted as both support and resistance in the past few months.
๐น 50-day MA = $2.27 โ XRP is consolidating under it, indicating uncertainty and a lack of bullish follow-through.
๐น MACD is flattening out โ momentum is neutral; no clear divergence, no signal strength.
๐น Balance of Power: 0.51 โ Buyers are present, but thereโs no dominance yet. Volume remains subdued.
๐ฌ My research-based view: Over the past two weeks,
$XRP has been trading in a narrowing range with declining volatility. This type of setup historically precedes a breakout โ but directionality remains unclear.
What caught my attention is the clustering of price action around the $2.20โ$2.25 zone while on-chain sentiment remains neutral to slightly bullish. The lack of heavy distribution at resistance suggests sellers may be exhausted โ but the bulls havenโt proven control yet.
๐ If we see a breakout above $2.27 with volume, I expect a potential move to $2.90, possibly forming the right shoulder of a broader reversal pattern.
๐ On the flip side, failure to hold $2.20 likely sends us back to retest $1.99 or even the $0.99 macro support area if sentiment shifts sharply.
๐ง Iโm not positioned yet โ monitoring closely. No trade is better than a forced trade.