XRP Bounce Setup Could Trap Late Bears
Market analyst GainMuse notes that XRP could be gearing up for a classic bounce. Its recent dip to strong support levels sets the stage for a sharp rebound if buyers defend key price zones, potentially surprising late bears.
XRP is trading at $1.32, having pulled back from recent highs and finding support between $1.30–$1.45, a key level GainMuse calls a line in the sand.
Buyers must defend $1.30 to spark a rebound, while a break below could trigger further losses. A move above $1.38 is crucial to halt the downtrend of lower highs and lows.
Well, price action shows a classic setup entailing a sharp pullback into strong support followed by a rebound toward rising trend resistance. Late bears expecting further declines often get trapped as a sudden buying surge drives a short-term rally.
XRP Eyes $2 Resistance if $1.30 Support Holds
Key resistance at $2.00–$2.15 could define XRP’s next bullish move. If momentum returns and recent lows hold, GainMuse sees strong potential for a continued rebound.
Why does this matter? Well, holding the $1.30–$1.45 zone could offer strategic advantage for a rebound toward $2.00–$2.15 resistance, though aggressive shorts near current support face risk if the bounce occurs.
Amid a $75B crypto market drop triggered by U.S.–Israel strikes on Iran, XRP’s price action highlights a high-stakes support-rebound scenario.
Staying above $1.30 could curb further losses and set the stage for a potential short squeeze, making the $1.30–$1.45 support and $2.00–$2.15 resistance levels critical for predicting the next major move. At $1.32, XRP is poised for either a defensive hold or a breakout that could catch late bears off guard.
Conclusion
XRP faces a pivotal moment: holding the $1.30 support is key to sustaining bullish momentum, while a break risks losses for late bears. With resistance at $2.00–$2.15, a sharp rebound is possible, making this a critical window for traders and investors to act.
