Usman Salis
⬤ XRP is trying to find its footing after a quick drop pushed it straight into a major support area between $2.04 and $1.97. A new long position was opened right in this zone with a stop set at $1.9390. The chart shows XRP bouncing off a highlighted demand block, suggesting buyers are stepping in at these levels.
⬤ The decline happened after XRP couldn't hold above $2.15, sending it down into the orange support zone marked on the chart. This area has worked as a turning point before, triggering several upward moves throughout the week. The current long setup is targeting a move back up toward $2.37 to $2.40, which lines up with the upper recovery zone.
⬤ Right now, XRP is trading near the middle of a broader range between $1.82 support and $2.58 resistance. The quick bounce from support shows buyers are trying to take back control. The market is now focused on whether XRP can close above $2.05 to $2.07—that would confirm strength and keep the new long trade valid.
⬤ A successful bounce from this support cluster would build confidence in the short-term trend and show how important these liquidity zones are for price direction. If XRP pushes toward the upper resistance, it'll set up the next phase of movement as the asset deals with an increasingly tight technical setup.
Usman Salis
