XRP Price Drops to $1.97, Key Support Level Under Observation
XRP's price has dipped to $1.97, a critical support level after a recent surge. This pullback indicates a possible pause rather than a complete reversal.
Key Support Holds At $1.97
- The $1.97 zone has historically served as significant resistance and now acts as a support.
- Buyers are defending this level, suggesting it may be an accumulation zone.
- The MACD indicator shows early signs of a potential bullish reversal, indicating weakening bearish momentum.
Bulls On Standby: What Needs To Happen For A Breakout
- XRP must establish $1.97 as a solid base with successful defenses to show buyer confidence.
- A noticeable increase in trading volume is essential for confirming any breakout.
- Indicators like RSI and MACD should align with bullish signals for a stronger case for upward movement.
