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07/18 18:11

XRP Technical Analysis: Downtrend Dominates—Is the

XRP Technical Analysis: Downtrend Dominates—Is the $2.05 Floor About to Collapse?

XRP is currently trading at $2.16, with a market capitalization of $127 billion and a 24-hour trading volume of $1.438 billion. The price has fluctuated between $2.11 and $2.18 over the past day, signaling a tightly constrained range as momentum builds.

XRP

The one-hour chart indicates a short-term recovery trend for  XRP, with prices rebounding from $2.11 to $2.17. This upward trajectory is marked by a pattern of higher lows and steady accumulation, suggesting a bullish undertone for intraday movements. Trading volume remains moderate, reinforcing the cautious optimism observed in the price action. Active traders might consider entering long positions on pullbacks to the $2.13–$2.14 range with a stop-loss just below $2.11. Profit-taking could be considered near the $2.18–$2.20 resistance zone unless a breakout .

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