XRP - Support First, Breakout Second!

📦XRP has been holding well above its key support zone, and as long as this level continues to act as a floor, we will be looking for long setups. Buyers have defended this zone multiple times, making it a critical area for a potential bullish reaction.

🏹However, for the bulls to fully take over, XRP needs more than just a bounce. A confirmed break above the falling channel and the last major high in red is needed to shift the momentum and open the door for a larger bullish leg.

Until then, the plan remains simple:
Support holds → look for longs.
Structure breaks → bulls take control.

Will XRP finally break free from this falling channel? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr