🔵After dipping below $2.10, XRP is showing signs of recovery, currently trading around $2.15. A bounce from the $2.08 area — aligning with the 0.618 Fibonacci level — led to the formation of a bullish hammer candlestick, reigniting buyer interest. However, key resistance near $2.22 is still capping upside potential, and the market’s muted response to breakout attempts keeps price action range-bound.
🔵Momentum indicators like RSI and MACD confirm a short-term bullish trend, but overbought conditions on the Stoch RSI and resistance near $2.28 could lead to consolidation. For a sustainable rally, XRP needs a solid breakout and close above the $2.30 level.