XRP is showing strength after defending the $2 XRP is showing strength after defending the $2 value area low, rejecting downside pressure from the recent swing low at $1.60. The bounce opens the door for a move back into the value area high region.
Key Points:
$2 support has held, with a confirmed swing failure pattern below $1.60.
Value area high near $2.30 aligns with descending channel resistance.
While price remains within a high time frame descending channel, the current bounce could trigger a short-term rally toward the top of the range. As long as $2 holds and volume improves, a 15% upside rotation remains likely. But without volume confirmation, price may stay range-bound.
XRP is holding key support above $2 after a swing failure at $1.60, setting up a potential 15% move toward the range high. However, low volume remains a concern, and price action may stay rotational within a descending channel until a confirmed breakout occurs.
