#XRP MARKET STRUCTURE | DAILY OUTLOOK | MAY 2025

412
📊 *XRP - Strong Support & Breakout Watch | Daily Timeframe*

XRP is currently holding above a major support zone around the 102B market cap level. Price has shown multiple rejections from this zone, indicating strong buying interest.

🔹 *Key Levels:*
- *Support Zone:* 102B (Strong Demand Area)
- *Resistance Zone:* 147B (Breakout Level)

📈 *Market Structure:*
Price is forming a potential accumulation pattern. If this structure holds, we might see a bullish reversal towards the resistance, followed by a possible breakout.

📌 *Bullish Scenario:*
- Bounce from support
- Retest of previous high
- Breakout above resistance

📌 *Invalidation:*
- If price closes below 102B support zone, setup may fail and a deeper drop could follow.

🧠 *Note:* This is not financial advice. Always do your own analysis before trading.

#XRP #CryptoAnalysis #TechnicalAnalysis #Breakout #SupportResistance

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.