Peter Smith
⬤ XRP hit an important technical zone today as the price dropped toward support around $2.06. The asset reached its predicted target, and now everyone's watching to see what happens next at these levels.
⬤ The chart shows a clear breakdown from the $2.15 resistance area that had been acting as a ceiling. After forming rounded top patterns, XRP lost steam and started making lower highs before testing the support zone again. The price is slightly down today as selling pressure builds near the lower boundary.
⬤ Trading volume has dropped off compared to earlier sessions, which fits with the broader pullback. With XRP sitting right on top of the red support band near $2.06, traders are keeping a close eye on whether this level holds or gives way to more downside.
⬤ This matters because XRP is at a price point that could determine where it goes next. If support holds strong, we might see buyers step back in. But if it breaks down, the correction could go deeper. With crypto markets staying volatile, this zone is going to be key for XRP's near-term direction.
Peter Smith
